For the financial vehicles tracking both assets, especially SOL, Friday was a particularly fantastic day. The spot exchange-traded funds tracking the performance of Ripple’s cross-border token began the week with a subdued pace but experienced significant growth by the week’s conclusion, achieving a new cumulative all-time high. Simultaneously, the products associated with Solana’s SOL have experienced a continuous upward trend since September 11, with inflows reaching a high of over $86 million on Friday. The previous business week exhibited some volatility for the XRP ETFs, as they garnered a more modest $9.56 million, which is less than half of the $19 million observed in the initial weeks of September.
Nevertheless, the financial vehicles continued their upward trajectory, marking ten consecutive weeks of gains. Following a period of notable net outflows last Thursday and Friday, investors remained cautious as the new week commenced on September 21. SoSoData indicated a lack of reportable inflows on Monday. However, the trend shifted on Tuesday and sustained a positive trajectory through to Friday. On September 22, investors allocated $20.02 million, which was succeeded by an investment of $18.04 million on September 23. The trend continued with an additional $14.89 million on Thursday and culminated in $22.65 million on Friday. This indicated that the five-day trading period concluded positively, with net inflows amounting to $75.89 million – marking the strongest weekly performance in a month.
The cumulative net inflows surged to a new record of $1.79 billion. Bitwise’s XRP fund continues to hold its position as the leader in the market, boasting cumulative net inflows of $677 million. It is followed by Franklin’s XRPZ, which has attracted $501 million, and Canary Capital’s XRPC, with inflows totalling $489.37 million. While the performance of the funds tracking XRP was quite impressive, the SOL counterparts exhibited even greater results. Monday commenced with a notable influx, as the ETFs garnered $26.10 million. On Tuesday, an additional $28.87 million was recorded, followed by $13.77 million on Wednesday and $32.81 million on Thursday. Investors demonstrated significant commitment on Friday, culminating in a substantial inflow of $86.67 million.
This marked the highest daily inflow since the funds’ inception nearly a year ago. Moreover, the weekly inflows reached a peak not seen since 2026, totalling $188.22 million, marking the second-highest figure on record, surpassed only by the launch week in October, which saw inflows of $199.21 million. The total net inflows surged to a new all-time high of $1.61 billion. Bitwise’s SOL ETF continues to assert its dominance, boasting cumulative net inflows of $1.22 billion. Fidelity’s FSOL stands at $231.35 million, significantly trailing behind, while Grayscale’s GSOL follows with $164.15 million.
