SOL and XRP Spot ETFs Experience Significant Inflows and Outflows

Last week, SOL and XRP spot ETFs saw notable financial movements, according to Foresight News. Data from SoSoValue indicates that from March 2 to March 6, SOL spot ETFs experienced a net inflow of $24.05 million, while XRP spot ETFs faced a net outflow of $4.0855 million. The Bitwise ETF BSOL led the SOL spot ETFs with a weekly net inflow of $33.9499 million, bringing its historical total net inflow to $767 million. Following BSOL, the Invesco & Galaxy Digital ETF QSOL recorded a weekly net inflow of $2.1473 million, with a historical total net inflow of $3.45 million. Conversely, the 21Shares ETF TOXR saw the largest net outflow among XRP spot ETFs, with $10.6014 million leaving, resulting in a historical total net outflow of $10.53 million. The Franklin Templeton ETF XRPZ followed with a weekly net outflow of $3.8729 million, although its historical total net inflow remains at $329 million. The Fidelity ETF FSOL experienced the largest net outflow among SOL spot ETFs, with $10.2586 million, while its historical total net inflow stands at $153 million. On the other hand, the Bitwise ETF XRP recorded the highest net inflow among XRP spot ETFs, with $7.1215 million, contributing to a historical total net inflow of $377 million. As of the latest update, the total net asset value of SOL spot ETFs is $807 million, with an ETF net asset ratio of 1.66% compared to SOL's total market value. The historical cumulative net inflow for SOL spot ETFs has reached $958 million. Meanwhile, XRP spot ETFs have a total net asset value of $983 million, with an ETF net asset ratio of 1.18% relative to XRP's total market value, and a historical cumulative net inflow of $1.24 billion.