NewsCryptoBitcoin and Solana Spot ETFs Post Daily Outflows as Ethereum Records Inflows

Bitcoin and Solana Spot ETFs Post Daily Outflows as Ethereum Records Inflows

Author: CryptoBriefing·

Key Takeaways

  • •Bitcoin and Solana spot ETFs posted net outflows on October 5, while Ethereum funds recorded net inflows and XRP products ended the day flat.
  • •US spot Bitcoin ETFs attracted $241.09 million in weekly net inflows, their third consecutive positive week, bringing cumulative inflows since the 2024 debut to approximately $57.8 billion.
  • •Spot Ethereum ETFs saw $138.02 million in weekly outflows, reversing the prior week's $690 million inflow and reducing year-to-date inflows to roughly $1.5 billion.
  • •Solana and XRP spot ETFs extended their weekly inflow streaks with $2.43 million and $4.74 million respectively, while Zcash ETFs recorded their first weekly outflow of about $94 million.
  • •The research framed the pattern as investor rotation toward Bitcoin as its market dominance builds and warned continued rotation could increase near-term crypto market volatility.
Bitcoin and Solana Spot ETFs Post Daily Outflows as Ethereum Records Inflows

US spot crypto exchange-traded funds delivered a mixed single-day picture on October 5, with Bitcoin and Solana funds posting net outflows while Ethereum products recorded net inflows. XRP funds ended the day with no net flow at all.

The snapshot stands in nearly exact contrast to the weekly data in which Bitcoin has been the clear leader and Ethereum has registered sustained outflows. Because ETF flow figures capture the net creation and redemption of fund shares, a single session can diverge from the weekly aggregate, which smooths out day-to-day swings.

Daily Flows Diverge From Weekly Trend

Bitcoin and Solana spot ETFs both closed October 5 with more capital leaving than entering. Ethereum ETFs moved in the opposite direction, drawing net new money, while XRP products broke even for the day.

The broader weekly figures, compiled by SoSoValue and reported on October 5, tell a different story. US spot Bitcoin ETFs collected $241.09 million in weekly net inflows for the week ending in early October, marking their third consecutive positive week. The tally lifted cumulative net inflows since the products launched in 2024 to approximately $57.8 billion. Note that Bitcoin's headline figure covers the funds' entire trading history since launch, while Ethereum's totals are tracked on a year-to-date basis, so the two comparisons span different windows.

Ethereum's weekly results were far weaker. Spot Ethereum ETFs shed $138.02 million in net outflows over the same period, reversing the prior week, when the funds had taken in $690 million. The swing reduced Ethereum ETF inflows for the year to roughly $1.5 billion.

Solana, XRP and Zcash Results

According to the SoSoValue data, Solana spot ETFs gained around $2.43 million in weekly net inflows, while XRP spot ETFs brought in $4.74 million for the week. Both figures extended existing inflow streaks for those products.

That context made the October 5 Solana outflow notable, as a product on an inflow run posted a negative day even with its weekly tally remaining positive.

Zcash moved in the opposite direction. Zcash ETFs, tied to the privacy-focused ZEC asset, recorded their first weekly outflow, totaling approximately $94 million, according to the research covering late September through early October.

Bitcoin's Pull on Capital

Bitcoin traded near $85,000 to $86,000 during the period covered by the data. The research framed the recent weekly pattern as a shift in investor sentiment, with capital appearing to favor Bitcoin over Ethereum as Bitcoin's market dominance — its share of total crypto market capitalization — continued to build.

Spot ETFs hold the underlying asset directly, meaning net inflows generally correspond to purchases of the asset itself within regulated brokerage and exchange-traded vehicles. Spot Bitcoin ETFs have now accumulated around $57.8 billion in net inflows since their 2024 debut. Ethereum's year-to-date total of approximately $1.5 billion remains much smaller by comparison.

Outlook Flagged by the Research

Per SoSoValue, the weekly trend still favored Bitcoin, with three consecutive weeks of inflows suggesting steady demand rather than a sudden spike. The research noted that Ethereum's outflows could raise concerns about its market position as it competes with Bitcoin for investor attention, though a string of positive days could quickly alter the weekly narrative, as the prior week's $690 million in inflows demonstrated.

Among altcoin products, Solana and XRP maintained their weekly inflow streaks, while Zcash posted its first outflow of approximately $94 million. The research cautioned that continued rotation toward Bitcoin and other established assets could bring more volatility to the broader crypto market in the near term.