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XRP Spot ETFs Record Net Outflows as Bitcoin ETFs Gain $562M

By

Shweta Chakrawarty

Shweta Chakrawarty

U.S. spot Bitcoin ETFs drew $562M in net inflows, while XRP ETFs saw $400K in outflows as institutional rotation favored SOL’s $5.6M gain.

XRP Spot ETFs Record Net Outflows as Bitcoin ETFs Gain $562M

Quick Take

Summary is AI generated, newsroom reviewed.

  • Spot Bitcoin ETFs recorded $562 million in net daily inflows.

  • XRP ETFs faced $400,000 in outflows, led by 21Shares’ $950,000 loss.

  • Solana ETFs defied the altcoin slump with $5.58 million in inflows.

  • Ethereum ETFs posted a $2.86 million deficit amid cautious market sentiment.

U.S. spot Bitcoin ETFs saw major inflows on February 2. SoSoValue data shows total net inflows reached $562 million in a day. Fidelity Bitcoin ETF led the movement, pulling $153 million alone. Which shows that investors still prefer BTC when market is weak. Many large funds see BTC as a primary entry point into crypto. So, when confidence grows even a bit, money tends to flow there first. 

During the session the Bitcoin price stays at $78K. which helps to keep demand stable. While Ethereum ETFs didn’t share the same progress. Spot Ethereum ETFs saw a small net outflows at $2.86 million. Which shows, some investors are still careful about ETH.

XRP ETFs See Small but Clear Outflows

The XRP spot ETFs moved the other way. Total net outflows reached at $400K on February 2. This isn’t a huge number but it shows weaker demand compared with BTC and SOL. The biggest single outflow came from the 21Shares XRP ETF, which lost at $950K in a day. Bitwise XRP ETF saw a net inflow of around $540K. While other XRP Spot ETFs showed little movement.

Despite the daily decline, XRP Spot ETFs have over $1.1 billion in total assets. They are now account for around 1.1% of the XRP market value. The day trading volume reach $40 million. Activity is stable even if flows have turned negative. This pattern reflects investors’ attitudes. Some investors add slowly while others limit exposure. But on this day XRP received less attention than BTC.

Solana Attracts New Interest

Solana spot ETFs stood out and recorded net inflows of $5.58 million. It’s the only altcoin in ETF group with positive flows of the day. That shows a growing interest in Solana. Many investors see Solana as a strong competitor in DeFi and gaming. 

As a result, some capital is shifting from other tokens into SOL linked products. Compared with XRP, Solana benefits from a more positive narrative right now. XRP still faces uncertainty around regulation and long term growth whcih explains the difference in ETF flows.

What This Means for the Market

These numbers show a unique pattern, when it comes to investing BTC is the top choice. Then they look into altcoins like Solana. XRP is in the center, it has strong products and a loyal base but it fails to draw new ETF demand during cautious periods.

Right now, ETF flows mirror the short term mood. BTC increases reflect confidence. XRP outflows show hesitation. It doesn’t show long term failure, it only shows where money is moving today. If market conditions improve, XRP Spot ETFs may see inflows again. But at present capital values safety and size. This keeps BTC in the lead as XRP waits for a stronger catalyst.

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