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Noticed something interesting in the ETF flows from last week. SOL spot ETF had about $1.24M flowing out, with most of that coming from Grayscale's GSOL product losing $1.24M. The other seven spot ETF options didn't really move. Total SOL spot ETF AUM is sitting at $858M now, which is still pretty solid considering the outflows.
XRP had a similar story - spot ETF saw $35.2K net outflow overall. But here's where it gets a bit mixed: Bitwise's XRP product bled $3.7M while Canary's XRPC actually pulled in $2.2M. So money was basically rotating between products rather than leaving the space entirely. XRP spot ETF total AUM is at $1.06B.
Seems like after the initial ETF launch excitement, we're seeing some consolidation and profit-taking across both spot ETF products. Not surprising given the volatility we've seen. Curious to see if these flows stabilize or if there's more shuffling coming.