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Bitcoin ETF attracts $101 million, XRP, Ethereum and Solana funds experience capital outflows

2026-09-04 00:15:19
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Bitcoin spot ETF attracted US$101 million in funds, and altcoin products suffered a net outflow.

On September 2, the U.S. Bitcoin spot ETF attracted US$101.15 million in funds, while altcoin related products recorded a net cash outflow. This divergence suggests that investors tend to allocate bitcoin while reducing exposure to Ethereum, XRP and Solana funds.

According to SoValue, the cumulative capital inflow of the Bitcoin ETF has reached US$54.73 billion, and its total net assets have climbed to US$97.22 billion. Total trading volume for the day was approximately US$1.73 billion, exceeding the activity levels of all other cryptocurrency ETF categories. This difference reflects investors 'preference for Bitcoin at a time when demand for digital assets is uneven.

Ethereum, XRP and Solana ETF face investor redemption pressure

Despite divisions in the overall market, the Ethereum ETF still recorded a net outflow of US$48.08 million, making it one of the weaker performers on the day. However, it is worth noting that the Ethereum Fund's capital flow remained positive within 30 days, reaching US$1.83 billion, and the cumulative capital inflow was close to US$13.03 billion.

The XRP ETF suffered the largest wave of altcoin redemptions, with five products losing a total of US$57.2 million during the trading session. Despite this, cumulative capital inflows to the XRP ETF remain at a positive level of approximately US$1.68 billion, retaining most of the previously invested institutional capital. In addition, its 30-day flow was also US$165.22 million, indicating that despite daily redemptions, broader demand remains positive.

At the same time, the Solana ETF lost $6.13 million, and its redemption was smaller than the amount affecting Ethereum and XRP products. The SOL Fund also maintained a 30-day positive flow of funds of $197.6 million and cumulative inflows of approximately $1.34 billion. These data suggest that investors are reducing their altcoin positions, but have not completely abandoned their exposure to regulated cryptocurrencies other than Bitcoin.

XRP Price Test Key Long-term Support

During the reporting period, XRP traded at approximately US$1.36, making its 200-day moving average (near US$1.35) a key attraction. Holding this area will help support price stability and prevent a deeper correction in the market.

However, if the key support of US$1.35 is broken, XRP could expose the 20-day exponential moving average near US$1.29 as the next support area. As a result, the price direction of XRP may affect whether ETF investors will continue to hold exposure or further extend recent redemptions.

Overall, data on September 2 showed that funds were mainly rotated within cryptocurrency ETFs rather than completely withdrawn from the sector. Bitcoin accounted for the strongest single-day demand, while altcoin products maintained positive monthly and cumulative fund inflow balances.

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