Spot XRP exchange-traded funds experienced a sharp reversal in demand at the start of November, ending the week with $530,000 in net outflows, according to SoSoValue data. The funds had closed October with almost $19 million in net inflows, but that streak did not carry into the new month.
On Monday, investors withdrew over $500,000 from the XRP ETFs. The following four trading days saw no reportable action, with $0.00 in net flows on Tuesday, Wednesday, Thursday, and Friday. It marked the first four-day no-show streak for the XRP ETFs since August.
The lack of inflows coincided with a decline in XRP’s price to multi-month lows around $1.15, while social sentiment around the asset deteriorated. October’s positive close for the XRP ETFs was also the second-worst month in terms of net inflows for the funds, and the underlying asset failed to post gains despite the inflows.
Solana ETFs Post Fifth Consecutive Red Week
The spot Solana ETFs fared even worse. After closing October with a net loss of $143.71 million—their worst month in a one-year history—the funds began November with zero flows on Monday, Tuesday, and Wednesday. Net outflows returned on Thursday at $1.18 million before surging to $25.08 million on Friday.
The week ended with more than $26 million in net outflows, marking the fifth consecutive red week for the SOL ETFs. Since September 30, the funds have seen only two green days. Total inflows for the Solana funds have dropped from over $1.6 billion to under $1.45 billion.
SOL’s price has fallen by more than 18% over the past month, closing Sunday at $90.
