The post Spot Solana ETF Records Largest Outflow While XRP ETFs Nets $90M appeared on BitcoinEthereumNews.com. Spot Solana ETFs in the United States saw the largest-ever amid the crypto market crash. On the other hand, spot XRP ETFs recorded another net inflow, indicating institutions’ rotation from spot Bitcoin and Ethereum ETFs toward high-growth altcoins such as Solana (SOL) and XRP. SOL Rebound Despite Outflows in Spot Solana ETFs Solana ETFs recorded their second net outflow of $13.55 million, according to SoSoValue data on December 2. Also, it was the largest-ever outflow to date following weeks of robust inflows. The outflow is primarily driven by a $32.54 million redemption from the 21Shares Solana ETF (TSOL), the third consecutive outflow amid the latest crypto market crash. As a result, TSOL has recorded a net outflow of $60.14 million since launch. Solana ETFs Outflow. Source: SoSoValue Bitwise Solana Staking ETF (BSOL) and Grayscale Solana ETF saw $17.18 million and $1.82 million in inflows. Bitwise’s BSOL and other Solana ETFs continue their inflows streak with no outflows yet. Despite Monday’s outflow, Solana ETFs’ assets under management (AUM) have reached over $790 million, indicating sustained institutional demand. SOL price has rebounded more than 3%, with the price currently trading at $127.53. The 24-hour low and high are $123.31 and $128, respectively. Furthermore, trading volume has slightly dropped by 3% in the last 24 hours, indicating a decline in interest amid Solana ETF outflows. XRP ETFs Records $90 Million in Inflows XRP ETFs have net inflows of $90 million, the fourth-largest inflow since launch. As a result, the total assets have surpassed $723 million, while spot Bitcoin and Ethereum ETFs record outflows amid low trading volumes. XRP ETF Inflows. Source: SoSoValue Grayscale XRP ETF (GXRP) led with $52.30 in inflows. Followed by $28.41 million in Franklin Templeton’s XRPZ. Canary Capital’s XRPC saw $5.79 million in inflows, while Bitwise XRP ETF saw the… The post Spot Solana ETF Records Largest Outflow While XRP ETFs Nets $90M appeared on BitcoinEthereumNews.com. Spot Solana ETFs in the United States saw the largest-ever amid the crypto market crash. On the other hand, spot XRP ETFs recorded another net inflow, indicating institutions’ rotation from spot Bitcoin and Ethereum ETFs toward high-growth altcoins such as Solana (SOL) and XRP. SOL Rebound Despite Outflows in Spot Solana ETFs Solana ETFs recorded their second net outflow of $13.55 million, according to SoSoValue data on December 2. Also, it was the largest-ever outflow to date following weeks of robust inflows. The outflow is primarily driven by a $32.54 million redemption from the 21Shares Solana ETF (TSOL), the third consecutive outflow amid the latest crypto market crash. As a result, TSOL has recorded a net outflow of $60.14 million since launch. Solana ETFs Outflow. Source: SoSoValue Bitwise Solana Staking ETF (BSOL) and Grayscale Solana ETF saw $17.18 million and $1.82 million in inflows. Bitwise’s BSOL and other Solana ETFs continue their inflows streak with no outflows yet. Despite Monday’s outflow, Solana ETFs’ assets under management (AUM) have reached over $790 million, indicating sustained institutional demand. SOL price has rebounded more than 3%, with the price currently trading at $127.53. The 24-hour low and high are $123.31 and $128, respectively. Furthermore, trading volume has slightly dropped by 3% in the last 24 hours, indicating a decline in interest amid Solana ETF outflows. XRP ETFs Records $90 Million in Inflows XRP ETFs have net inflows of $90 million, the fourth-largest inflow since launch. As a result, the total assets have surpassed $723 million, while spot Bitcoin and Ethereum ETFs record outflows amid low trading volumes. XRP ETF Inflows. Source: SoSoValue Grayscale XRP ETF (GXRP) led with $52.30 in inflows. Followed by $28.41 million in Franklin Templeton’s XRPZ. Canary Capital’s XRPC saw $5.79 million in inflows, while Bitwise XRP ETF saw the…

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