Demand for U.S. spot XRP exchange-traded funds evaporated in early November, while Solana-focused funds continued their longest redemption streak, according to SoSoValue data. The shift reversed a comparatively positive October for XRP ETF products and deepened a multiweek decline for Solana investment vehicles.
XRP ETFs ended the week with roughly $530,000 in net outflows, driven by more than $500,000 in redemptions on Monday and four consecutive sessions with $0.00 in reportable net flows Tuesday through Friday. That four-day no-show streak was the longest since August and signaled that creations and redemptions temporarily stalled, rather than indicating a decisive investor exit. The weekly loss came after XRP ETFs closed October with nearly $19 million in net inflows, though that total was still the second-worst monthly performance in the products’ history.
Meanwhile, spot Solana ETFs faced heavier pressure. The funds reported zero net flows Monday through Wednesday before $1.18 million in withdrawals on Thursday and $25.08 million on Friday, bringing the week’s total to more than $26 million in net outflows. This marked the fifth consecutive week of redemptions for Solana ETFs, after October produced $143.71 million in net outflows, the worst monthly result in the funds’ roughly one-year history. Cumulative Solana ETF inflows fell from above $1.6 billion to below $1.45 billion, and the products have recorded only two positive-flow sessions since September 30.
Price performance reflected the weak fund demand: XRP has tumbled to multi-month lows around $1.15, while SOL closed the period near $90, down more than 18% over the past month. However, ETF flow data measure net fund activity rather than investor sentiment by itself, and the divergence does not necessarily prove a permanent institutional rotation between the two assets.
