Crypto29 September, 20262 min read
U.S. Spot XRP ETFs Draw About $8 Million as Bitcoin, Ether, SOL, ZEC Funds See Outflows
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U.S. spot XRP ETFs attracted about $8 million in net inflows. Bitcoin, Ether, SOL, and ZEC ETFs posted net outflows on the same day.
18 outlets told this the same way.
XRP ETFs draw inflows
U.S. spot XRP exchange-traded funds drew about $8 million on Thursday, and the flows made XRP the only crypto ETF group with net inflows, according to SoSoValue data. Franklin Templeton’s XRPZ received all of the XRP flows, which added about 6 million XRP, while the other four XRP funds saw no flows. Investors pulled money from bitcoin, ether, SOL and ZEC funds, and Bitcoin ETFs lost about $244 million after Wednesday’s $485 million outflow, taking two-day withdrawals to roughly $729 million.
Ether funds shed about $73 million and SOL funds about $3 million, while the lone U.S. spot ZEC ETF lost about $19 million and had no inflows at all in October. The outflows came on the day $1.19 billion in leveraged crypto bets were liquidated and bitcoin fell to about $80,400, before rebounding to near $82,000 after President Trump said the U.S. would not strike Iran before the midterm elections.
Bitcoin ETF outflows widen
U.S. spot Bitcoin ETFs recorded $487.07 million in net outflows on October 7, and Altcoin Buzz said the session marked the largest single-day withdrawal since late June.
BlackRock's IBIT led the withdrawals with $207.67 million, followed by Fidelity's FBTC with $105.15 million, and no fund recorded a net inflow.
U.S. spot Bitcoin ETFs saw $484.9 million in net outflows in a single day, the largest amount since June 25, and Trader T data on Oct. 7 put the total at $484.9 million.
BlackRock’s IBIT posted the largest net outflow with $207.7 million withdrawn, while Fidelity’s FBTC saw $105.1 million in net outflows.
Bloomingbit linked the outflows to Bitcoin falling to about $83,000 and said it marked its lowest daily close in 17 days.
XRP price slips, whales shift
XRP fell below the $1.40 mark on October 8, extending a week-long slide that erased more than 6% of the token's value and pushed its market capitalization under $90 billion, according to BigGo Finance. Flows into exchange-traded funds tracking the token collapsed by 94% week over week, with the funds attracting less than $4.75 million over the most recent two full weeks. XRP whale dominance on centralized exchanges fell from 64% to 46.7% between Sept 30 and Oct 8, and XRPUSD revisited a monthly low as whales appeared dormant.
XRP Ledger considers native lending via proposal XLS-66 with validators voting, and XRPL Commons lending went live. On-chain data from CryptoQuant showed roughly 1.6 billion XRP tokens moved to Binance over the past 30 days, the highest such inflow since March, while XRP remained below the $1.51 to $1.53 resistance zone.