Institutional investors did something unusual on June 9. They pulled money out of Bitcoin and Ethereum spot ETFs while simultaneously adding capital to XRP and Solana funds.
The numbers behind the shift
XRP spot ETFs recorded net inflows of roughly $7.44 million on June 9, according to data from SoSoValue and CoinGlass. That pushed cumulative inflows since launch to $1.43 billion, with total net assets sitting around $982 million.
SOL ETFs also attracted fresh capital on the same day. Bitcoin spot ETFs, meanwhile, posted net outflows of approximately $77 million. Ethereum products also saw redemptions.
For context, BTC and ETH spot ETFs have historically amassed tens of billions in cumulative inflows since their respective launches. A single day of $77 million in Bitcoin outflows doesn’t undo that, but it does add to a pattern that’s been building over several weeks of persistent redemptions.
