Crypto Spot ETFs See Surge in Net Inflows Amid Market Interest

The cryptocurrency market has seen significant developments in recent weeks, particularly in the spot ETF sector. According to SoSoValue data, the SOL spot ETF experienced a notable net inflow of $14.31 million last week (February 16-20). This influx is attributed to various institutional investors diversifying their portfolios.

The Bitwise ETF BSOL led the charge with a weekly net inflow of $11.72 million, bringing its total historical net inflow to an impressive $694 million. Fidelity's FSOL was close behind with a weekly net inflow of $1.46 million, expanding its cumulative net inflow to $160 million.

As for the XRP spot ETF, it saw a smaller but still significant net inflow of $1.8446 million during the same period. The Bitwise ETF XRP claimed the largest share with a weekly net inflow of $2.5213 million, while the Franklin XRP ETF XRPZ trailed closely with a net inflow of $1.5296 million.

The Grayscale XRP Trust (GXRP) witnessed an unexpected net outflow of $2.2062 million, contradicting its modest historical cumulative net inflow of $129 million. The total net asset value of the XRP spot ETF currently stands at $1.02 billion, with a market capitalization ratio to XRP's overall market cap of 1.18%.

These trends underscore the ongoing interest in cryptocurrency-based investment products and their potential for institutional investors seeking diversification opportunities.