XRP ETFs Extend Inflows as Hyperliquid Sees Second Straight Outflows

U.S.-listed spot altcoin ETFs were largely stuck in a holding pattern in the latest session, with meaningful activity concentrated in just two corners of the market: continued inflows into XRP (XRP) products and a second straight day of outflows from Hyperliquid (HYPE) exposure.

XRP spot ETFs collectively drew $1.15 million in net inflows, extending their streak to four consecutive trading days of positive flows. The move was driven entirely by Canary’s XRP product, Canary XRPC, which accounted for the full $1.15 million gain while the remaining XRP funds were flat.

Despite the modest day-to-day figure, the category’s aggregate metrics suggest XRP spot ETFs remain among the more established altcoin vehicles. Cumulative net inflows stand at $1.516 billion, with $9.99 million in daily trading value. Total net assets were reported at $1.007 billion—about 1.50% of XRP’s market capitalization—underscoring how ETF ownership is becoming a measurable component of XRP’s broader market structure.

Solana (SOL) spot ETFs, by contrast, shifted to neutral after posting net inflows for three straight sessions through the prior day. The group reported no net flow change in the latest session, even as trading value remained comparatively active at $32.03 million. Cumulative net inflows were listed at $1.147 billion, with total net assets of $871.9 million, equivalent to roughly 2.04% of SOL’s market cap.

Other altcoin spot ETF segments continued to show limited investor urgency. Dogecoin (DOGE) spot ETFs logged a ninth consecutive session of flat flows, with cumulative net inflows at $12.12 million and daily turnover of roughly $477,650. Total net assets were $10.03 million, about 0.08% of DOGE’s market capitalization.

Chainlink (LINK) spot ETFs also remained unchanged for a sixth straight session. Cumulative net inflows were reported at $128.14 million, with $2.68 million in daily trading value and $109.86 million in net assets—around 1.80% of LINK’s market cap.

Avalanche (AVAX) spot ETFs showed the longest-running pause among the group, with flows flat for 36 consecutive sessions. The category’s cumulative net inflows stood at $11.00 million, daily trading value at about $331,496, and net assets at $32.25 million, roughly 1.08% of AVAX’s market cap.

The day’s notable risk-off signal came from Hyperliquid (HYPE) spot ETFs, which saw $964,319 in net outflows, marking the second straight session of withdrawals. The outflow was concentrated entirely in Grayscale’s HYPE product, Grayscale HYPG, while other listed vehicles in the segment were flat. Even with the two-day pullback, cumulative net inflows for HYPE spot ETFs remained sizable at $280.66 million. Daily trading value totaled $10.30 million, and net assets were $253.23 million—about 2.11% of HYPE’s market capitalization.

Several smaller altcoin ETF products were also unchanged, extending multi-week streaks of inactivity: Canary’s Hedera vehicle was flat for a third consecutive session (cumulative net inflows $105.31 million; net assets $49.72 million), Canary’s Litecoin product was flat for a ninth session (cumulative net inflows $10.26 million; net assets $5.61 million), 21Shares’ Polkadot fund was flat for a 38th session (cumulative net inflows $1.40 million; net assets $7.45 million), and VanEck’s BNB ETF was flat for a 35th session (cumulative net inflows $1.45 million; net assets $2.30 million).

Overall, the flow picture points to selective demand rather than broad-based 'liquidity inflow' across altcoin spot ETFs. XRP’s steady additions suggest persistent allocator interest or systematic accumulation, while the isolated HYPE redemption highlights how quickly sentiment can flip in newer, higher-beta exposures when positioning becomes crowded or risk appetite cools.