JPMorgan analysts estimate that roughly $50 billion has flowed into digital assets so far in 2026, putting the annualized pace at about $66 billion. That is above the $52 billion annualized pace recorded in May, but still around half of last year's pace. The improvement reflects recovering ETF demand since August and a rise in institutional bitcoin and ether futures positions on CME over the past two months. Bitcoin miners, however, have been net sellers this year, with total net selling of around $1.8 billion.
The latest weekly ETF data underscores how uneven that recovery remains. For the week ended Oct. 9, US-listed Bitcoin ETFs recorded $681.1 million in net withdrawals, while Ethereum products shed $542.07 million and Solana funds lost $24.81 million. XRP ETFs were the exception, adding $11.31 million and extending their inflow streak to 13 consecutive weeks. Combined net redemptions across the four groups reached about $1.24 billion.
Bitcoin’s outflow followed $241.09 million of inflows the previous week, a swing of roughly $922.19 million. Redemptions were concentrated on Wednesday and Thursday, at $487.07 million and $244.13 million respectively; Friday produced only a $21.13 million inflow. The funds suffered their first negative week since the week ended Sept. 11, and net assets fell to $105.84 billion from $108.89 billion. Ecoinometrics data showed rolling 30-day inflows around 30,000 to 40,000 BTC, but weekly momentum has slowed.
Ethereum’s reversal was more persistent. Products shed $542.07 million, nearly four times the prior week’s $138.02 million outflow, with redemptions in all five sessions. Tuesday’s $201.89 million and Wednesday’s $160.77 million outflows accounted for about 67% of weekly withdrawals. Cumulative net inflows since launch fell to $13.26 billion, while net assets dropped to $15.71 billion from $17.46 billion. Solana’s $24.81 million outflow ended its first positive streak since June; cumulative inflows slipped to $1.58 billion and net assets to $1.73 billion.
XRP funds attracted $11.31 million, more than double the prior week’s $4.74 million, with $3.14 million on Tuesday and $8.17 million on Thursday. That still offset less than 1% of the combined withdrawals from Bitcoin, Ethereum and Solana ETFs. Although XRP cumulative inflows rose to $1.80 billion, net assets declined to $1.57 billion from $1.66 billion as token price declines weighed on valuations. JPMorgan cautioned that the ETF recovery since August has not fully offset cumulative outflows measured from the crypto-market downturn that began on Oct. 10, 2025.
