Bitcoin ETFs Shed $262M as XRP Funds Buck the Trend

US spot Bitcoin ETFs took in $176 million on Tuesday 13 October and handed back about $262 million on Wednesday.

XRP funds went the other way, drawing about $740,000, and were the only one of the five categories tracked to stay positive for the week. Those two numbers are the story: one category moved up while the rest moved down. It moved by very little.

The Week's Numbers, Day by Day

Tuesday's $176 million was one of October's bigger inflow days for the bitcoin funds. Wednesday's withdrawal wiped it out and then some. Net outflows for the week reached $151 million through Wednesday, in a week that still had two sessions left to trade. The week before, the same funds shed $681 million.

SoSoValue is the flow tracker both sets of figures come from, and it is the page to keep an eye on when the week closes.

XRP's Inflow Streak Is Long, and Getting Thin

XRP ETFs have now drawn net inflows for 13 consecutive weeks. The last weekly outflow, about $7.2 million, came in the week ending 10 July.

In the week ended 9 October, XRP funds added $11.31 million. Over the same week, bitcoin, ether and Solana funds gave back $1.248 billion combined, so XRP's inflows offset less than 1% of those redemptions. Cumulative net inflows into XRP ETFs stand at a record $1.80 billion, but the weekly pace has cooled sharply: $75.6 million in the week ending 25 September, then $4.7 million, then $11.3 million.

The funds are still taking money in while XRP itself sells off. The token traded at $1.31 at the time of that reading, down 5.11% over 24 hours. Analyst Arab Chain said 30-day whale inflows to Binance reached 1.669 billion XRP, a seven-month high, and cautioned that the transfers may be wallet reshuffling rather than selling.

Ether and Solana Are Still Losing Money

Ether ETFs shed about $130 million on Wednesday, taking their weekly outflows to $190 million. The two weeks before that were worse, at $542 million and then $138 million.

Solana funds lost $24.81 million in the week ended 9 October. Wednesday added another $1.3 million of outflows, an eighth straight losing session, and the week's total is now $3 million. Our coverage of the US Solana funds giving up assets tracks the same drain.

Zcash funds were the other exception on Wednesday, attracting $3.7 million, though they are still $3.2 million in the red for the week.

What Would End XRP's Inflow Streak

Bitcoin slid below $82,000 after Wednesday's US inflation report and traded around $80,741, down 3.2% over 24 hours. The Consumer Price Index print came in hotter than expected.

That leaves the next flow tables as the test. Thirteen weeks of XRP inflows is a real run, but it is being carried by small daily numbers. If the cooler weeks of $4.7 million and $11.3 million are the new normal, a single week of redemptions would end the streak that the headline is celebrating.