Bitcoin and XRP ETFs Draw Inflows as Ether and Solana Funds Bleed
- —Spot Bitcoin ETFs drew $102.7 million on October 1, lifting net assets to about $109 billion
- —Ether funds lost $55.4 million, a third straight outflow day totaling roughly $118 million
- —Solana funds shed $5.9 million, their second consecutive day of outflows
- —Armada shareholders approved the Evernorth merger; Nasdaq listing under XRPN expected October 8
Why it matters: The split flows show cooling demand for ETH and SOL products while BTC and XRP keep attracting money; Evernorth's listing adds a new institutional channel for XRP.
Source: Bitcoin Insider