CryptoSlate
US-listed XRP ETFs shed $1.84 million in net outflows during the week ended Oct. 16, ending a 13-week streak of positive flows that had pulled cumulative net inflows to roughly $1.80 billion. The reversal came as Bitcoin, Ethereum, Solana and XRP products together bled $575.91 million for the week, bringing combined two-week withdrawals across the four categories to about $1.81 billion. Ethereum funds accounted for roughly 56% of that weekly bleed, while Bitcoin ETF outflows moderated about 66% from the prior week.
Why it matters
The slowdown is increasingly tied to the macro backdrop. Ecoinometrics pointed at 10-year US Treasury yields reaching levels last seen in 2002, which stiffens competition for capital between interest-bearing securities and yieldless assets like Bitcoin and gold. The firm's Fed Communications Index shows policymakers have turned progressively more hawkish since March, with the September rate decision and subsequent minutes reinforcing expectations of further tightening. Both Bitcoin and gold saw ETF demand build through the summer, but Bitcoin's cumulative buying momentum has flattened over the past three weeks while gold demand has also begun to moderate.
Market impact
Ethereum funds are taking the heaviest hit at the category level. Their $319.97 million weekly withdrawal extended a three-week losing streak to roughly $1 billion in cumulative redemptions, pulling ETH ETF net assets down to $14.95 billion from $15.71 billion. Solana funds recorded a second consecutive negative week at $25.52 million, ending a lengthy accumulation phase. Bitcoin ETFs, by far the largest pool at $104.29 billion in net assets, have now shed about $910 million across the past two weeks, with cumulative net inflows down to $56.88 billion. CryptoQuant's Axel Adler noted that trailing 30-trading-day flows remain positive at roughly 15,400 BTC, even as weekly outflows ease to around 2,800 BTC, suggesting selling pressure is moderating even as fresh accumulation has stalled.
Frequently asked questions
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How much did XRP ETFs lose in the week ended Oct. 16?
XRP ETFs recorded $1.84 million in net outflows, breaking a 13-week streak of positive weekly flows dating back to the week ended July 17. Cumulative net inflows into XRP funds had reached roughly $1.80 billion before the reversal.
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Which category led crypto ETF withdrawals last week?
Ethereum products accounted for roughly 56% of the combined $575.91 million outflow, with $319.97 million in net withdrawals. ETH funds have now shed about $1 billion across three consecutive negative weeks.
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Why are Bitcoin ETF inflows slowing?
Ecoinometrics points at 10-year US Treasury yields reaching levels last seen in 2002, which stiffens competition for capital between interest-bearing bonds and yieldless assets like Bitcoin and gold. The Fed Communications Index also indicates a hawkish drift in policy messaging since March.
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How much have spot Bitcoin ETFs lost over the past two weeks?
Combined Bitcoin ETF withdrawals over the past two weeks total about $910 million. Cumulative net inflows have fallen to $56.88 billion, with total net assets at $104.29 billion as of Oct. 16.
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Are Bitcoin ETF flows still positive on a longer timeframe?
Yes. CryptoQuant analyst Axel Adler noted that trailing 30-trading-day BTC ETF flows remained positive at roughly 15,400 BTC, even as weekly outflows ran around 2,800 BTC, suggesting selling pressure is moderating rather than accelerating.
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