US Crypto ETF Flows in the Red: XRP Holds Steady, Bitcoin Below $100 Billion

On Tuesday, while most US crypto ETFs closed in the red, one sector stood firm: that linked to XRP. The US crypto ETF flows paint a two-speed picture, with Bitcoin, Ether, and Solana experiencing outflows, while XRP continues to attract capital, albeit in modest amounts. According to data from SoSoValue, XRP ETFs have gathered nearly $2 million, the only significant positive signal in a market otherwise dominated by redemptions.

Key Points

-- XRP ETFs garnered about $2 million on Tuesday, bringing the cumulative total to $1.69 billion and $173 million over the last 30 days

-- Bitcoin spot ETFs lost about $47 million, with Grayscale's GBTC responsible for $66 million in redemptions, while BlackRock, Bitwise, Ark, and Morgan Stanley collectively attracted about $41 million

-- Ether ETFs lost about $24 million net, while Hyperliquid surrendered $13 million and Solana less than $1 million

-- The net assets of Bitcoin ETFs fell below $100 billion, stopping at $99.52 billion

XRP ETFs Resist Market Downtrend

XRP ETF flows remain the positive anomaly of the day. The five products available in the US market reached $1.69 billion in cumulative inflows, with $173 million arriving in just the last thirty days. These figures, while far from the scale of Bitcoin funds, show a steady demand for this specific asset.

Why does this detail matter? Because it indicates that a portion of institutional investors continues to diversify beyond Bitcoin and Ether, seeking exposure to alternative assets even during phases of general liquidity withdrawal. It is still a small segment, but its persistence in weekly flows deserves attention.

Bitcoin ETFs: Grayscale Leads Outflows, BlackRock Holds Steady

Bitcoin spot funds lost about $47 million on Tuesday, with most of the damage concentrated on a single product. Grayscale's GBTC alone recorded $66 million in redemptions, a figure that has weighed on the overall balances of the sector for months.

On the other hand, competitors have partially compensated: BlackRock's IBIT, Bitwise's BITB, Ark's ARKB, and 21Shares and Morgan Stanley's MSBT collectively raised about $41 million. The difference between the two fronts clarifies where investor confidence is shifting within the same market.

Ether and Solana Are No Exception

The Ether sector also closed the day in negative territory. Grayscale's two products lost a combined $34 million, while Fidelity's FETH gained $10 million, a partial counterbalance that was not enough to bring the entire segment back into positive territory, closing at about $24 million in net outflows. All other Ether funds did not register significant movements.

The picture is completed with Hyperliquid ETFs, which lost $13 million, and those on Solana, which remained at outflows of less than a million. Modest numbers, but consistent with the general direction of the day.

Fees Explain Part of the Divergence Among Bitcoin Funds

The total net assets of Bitcoin ETFs fell to $99.52 billion, returning below the psychological threshold of $100 billion, which had only been surpassed a few days earlier, on September 3. A detail that helps explain this dynamic concerns the fees: GBTC charges a fee of 1.50%, compared to the 0.25% required by IBIT.

This fee gap continues to guide investor behavior throughout the year, pushing capital towards cheaper products and fueling redemptions on more expensive funds like Grayscale's. It remains to be seen whether this now-established pattern will continue to weigh on the distribution of US crypto ETF flows in the coming weeks, with GBTC at risk of remaining structurally disadvantaged compared to low-cost competitors.

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