Spot ETF flows on April 25 were broadly positive across the major digital assets, with Ethereum leading the pack at $23.4 million in net inflows, followed by Bitcoin at $14.4 million and XRP at $6.44 million. Solana was the lone outlier, recording $1.1 million in net outflows on the day.
The breadth of inflows across three separate spot products — BTC, ETH, and XRP — signals that institutional demand isn't narrowly concentrated in Bitcoin alone. ETH's lead on the day is notable given it has historically lagged BTC in ETF flow momentum. SOL's modest outflow is a minor counterpoint rather than a structural reversal, but worth watching if the trend persists.