- US-listed XRP exchange-traded funds posted $1.84 million in net outflows in the week ended October 16, 2026, ending a 13-week inflow streak.
- Bitcoin, Ethereum, Solana and XRP ETFs together lost about $575.91 million that week, with Ethereum products accounting for the largest share.
- Analysts pointed to rising US Treasury yields and a more restrictive Federal Reserve as factors weighing on demand for Bitcoin and other non-yielding assets.
Demand for crypto exchange-traded products cooled in mid-October 2026, with all four tracked categories recording net withdrawals in the week ended October 16. The reversal ended a run of positive weekly flows for US-listed XRP funds that had lasted since July 2026. Bitcoin and Ethereum products continued to see larger outflows, and the broader picture suggests institutional appetite has weakened even as prices held up.
What Happened
Data from SoSoValue shows that XRP funds recorded $1.84 million in net withdrawals during the week ended October 16, 2026. That followed $11.31 million in inflows in the prior week. XRP funds had posted positive flows in every week from the week ended July 17, 2026, through the week ended October 9, 2026, so the latest result removed the last remaining source of positive flows across the four categories.
Across the four categories, net outflows totaled $575.91 million for the week. Bitcoin ETFs lost $228.58 million, Ethereum products shed $319.97 million, and Solana funds gave up $25.52 million. Combined two-week withdrawals reached roughly $1.81 billion, although the weekly pace slowed from about $1.24 billion in the previous week.
Asset levels also declined. XRP ETF net assets fell to $1.47 billion from $1.57 billion a week earlier, a move that reflects both redemptions and changes in the token’s market price.
Ethereum and Solana Outflows
Ethereum funds were the largest source of weekly withdrawals, accounting for approximately 56% of the combined net outflows across the four categories. The $319.97 million loss was smaller than the $542.07 million withdrawn the previous week, but it extended the outflow run to three consecutive weeks. Over that period, Ethereum ETFs have shed roughly $1 billion, lowering cumulative net inflows to $12.94 billion. Net assets dropped to $14.95 billion from $15.71 billion a week earlier.
Solana funds recorded their second consecutive negative week. Their $25.52 million outflow followed $24.81 million in redemptions the previous week, bringing two-week losses to $50.33 million. Cumulative inflows fell to approximately $1.56 billion, and net assets declined to $1.62 billion. The report notes that the Solana streak followed a long stretch of steady accumulation that ended earlier in October 2026.
Bitcoin ETF withdrawals eased considerably. The $228.58 million outflow was about 66% below the previous week’s $681.10 million. Even so, it marked a second straight negative week, with combined Bitcoin ETF withdrawals near $910 million over the two weeks. Cumulative net inflows declined to $56.88 billion, and total net assets fell to $104.29 billion.
Why It Matters
For investors, the data points to a shift from accumulation to hesitation. XRP funds had been one of the few categories still drawing capital, so the reversal removes a notable source of support for that segment. The Ethereum outflows are more significant in size, given the category’s larger asset base, and they show that the pullback is not limited to a single product.
For the wider crypto market, the figures matter because ETF flows have become an important gauge of institutional demand. When weekly flows turn negative across several products at once, it can signal that large allocators are reducing exposure or waiting for clearer conditions before adding to positions. The slowdown in the pace of withdrawals does offer some sign that selling pressure may be easing, but it does not yet indicate a return to net buying.
Market Context
Bitcoin has had difficulty holding gains above $80,000 amid concerns about US monetary policy and the outlook for risk assets. CryptoQuant analyst Axel Adler noted that Bitcoin ETFs have logged two consecutive weeks of net withdrawals, while their trailing 30-trading-day flows remained positive at about 15,400 BTC as of October 16, 2026. He also said weekly outflows had narrowed to around 2,800 BTC, suggesting selling was moderating even as institutional accumulation slowed.
Bitcoin-focused research platform Ecoinometrics reached a similar view in an assessment dated October 16, 2026. It observed that ETF buying has weakened since Bitcoin moved above $80,000 in late September 2026. Daily inflows and outflows had largely canceled each other out over nearly three weeks, leaving cumulative net demand only slightly positive despite the price recovery.
Ecoinometrics linked the slowdown partly to rising US Treasury yields and the Federal Reserve’s increasingly restrictive stance. It noted that 10-year Treasury yields had recently reached levels last seen in 2002, which gives interest-bearing securities more competition for capital against assets such as Bitcoin and gold, neither of which pays a yield. The firm also said the Fed raised interest rates in September 2026, and that its Fed Communications Index shows policymakers have grown more hawkish since March 2026. The latest meeting minutes, according to the firm, reinforced expectations of further tightening.
What to Watch Next
Readers should monitor weekly flow data from SoSoValue to see whether XRP, Ethereum and Solana funds return to net inflows or extend their outflow runs. Bitcoin ETF flows and trailing 30-day totals will also show whether the recent easing in withdrawals becomes a sustained trend.
Movements in US Treasury yields and any further signals from the Federal Reserve on interest rates are likely to remain central to the outlook. Investors may also watch whether Bitcoin can hold above $80,000, since Ecoinometrics has suggested that stronger price action is needed to revive ETF demand.
Source: original report
