The market's two largest assets, Bitcoin and Ethereum, suffered significant multi-million dollar capital flight over the past week, but $XRP and ETH have managed to buck the bearish trend.
Bitcoin spot ETFs experienced a punishing net outflow of $526 million while Ethereum investment vehicles shed a modest $14 million.
In sharp contrast, $XRP and Solana pulled in a combined $49 million in positive weekly net inflows.
Growing appetite for spot $XRP ETFs
$XRP ETFs continue to show impressive resilience due to steady institutional demand.
According to the data from financial data platform CoinGlass, the total market capitalization for all combined $XRP ETF products has climbed to an impressive $690 million.
Cumulative net inflows across the historical life of these spot products have reached a staggering 754.78 million $XRP.
Daily transaction logs show that the positive weekly performance was driven by heavy accumulation.
For instance, on June 29, the market logged a massive single-day inflow of 14.64 million $XRP.
Although the asset experienced brief, minor capital pullbacks over the subsequent two days (2.68 million $XRP on June 30 and 1.79 million $XRP on July 1), the momentum quickly turned back to positive territory on July 2 with an additional single-day injection of 6.22 million $XRP.
The Bitwise $XRP ETF (1XRP) currently leads the sector with $245.31 million in assets under management. It is followed by the Canary $XRP ETF (2XRPC) at $225.91 million and the Franklin $XRP ETF (3XRPZ) at $167.87 million.
Solana ETFs are back in the green
Solana similarly demonstrated strong resilience. Daily movement metrics show institutional buying stabilized rapidly over the week, printing a massive 77.07K SOL net inflow on June 29.
The Bitwise Solana Staking ETF (BSOL) commands a staggering $595.88 million in assets, representing the lion's share of institutional capital allocated to the network.