XRP, HYPE Lead ETF Race as SOL Joins BTC, ETH

ETF Investors Favor Smaller Cryptocurrencies Over Bitcoin and Ethereum

Investor sentiment towards cryptocurrency exchange-traded funds (ETFs) continues to show a stark divergence, with funds tracking smaller digital assets outperforming those focused on the market leaders. Last week saw record outflows from Bitcoin ETFs, while funds dedicated to HYPE and XRP maintained their positive momentum. Solana (SOL) ETFs, however, reversed their previous week’s gains, turning negative.

CryptoPotato previously reported that spot ETFs tracking HYPE, XRP, and SOL had bucked the trend set by Bitcoin and Ethereum, attracting significant capital. This trend persisted for two of those assets over the past week, with HYPE funds experiencing a particularly strong Thursday.

Data from SoSoValue indicates that Thursday was a standout day for HYPE ETFs, with net inflows exceeding $108 million, marking the funds’ best single-day performance by a considerable margin. Modest inflows of $1.46 million on Tuesday and $1.82 million on Friday brought the weekly total to $111.36 million in net inflows. This figure also set a new record for the largest weekly inflows, surpassing the previous high of $72.38 million recorded during the funds’ second week of operation.

Spot XRP ETFs also concluded the week on a strong note, though not reaching the scale of HYPE’s Thursday surge. These funds attracted $15.63 million on Friday, building on $5.31 million on Monday and $2.05 million on Wednesday. With zero net inflows on Tuesday and Thursday, the week closed with $23 million in net inflows for XRP ETFs, their strongest performance in six weeks.

The cumulative net flows for these ETFs have now reached an all-time high of $1.47 billion. Furthermore, both XRP and HYPE ETFs have maintained an unbroken streak of positive weekly inflows for eight and seven consecutive weeks, respectively.

While HYPE and XRP products have sustained their impressive performance, SOL ETFs have seen a reversal, experiencing a net outflow of $3.8 million. This places Solana ETFs in the same category as Bitcoin and Ethereum, which have also seen outflows.

Spot Bitcoin ETFs experienced another substantial withdrawal last week, with nearly $1.8 billion exiting the funds. This marks their second-worst weekly performance in their 2.5-year history. Ethereum ETFs also ended the week in negative territory, with more than $273 million withdrawn.