- Retail trader sentiment for XRP is strongly bullish, registering the seventh-highest count of positive social comments this year while the token traded near US$2.
- Spot XRP ETFs continued their streak of positive net inflows for 19 consecutive days, with total inflows approaching US$974.5 million.
- Solana ETFs also recorded a seven-day streak of positive inflows (totaling around US$674 million).
Retail traders stayed positive on XRP this week even as the token traded near the US$2 level (about AU$3.06), according to crypto analytics firm Santiment.
Santiment said the week saw the seventh-highest count of bullish XRP comments this year across major crypto social channels it tracks, including Telegram, Discord, subreddits and X.
XRP traded between roughly US$1.99 (AU$3.04) and US$2.17 (AU$3.32) in the last seven days and was around US$2.03 (AU$3.11) on Saturday, CoinGecko data showed.
Flows into spot XRP ETFs also remained positive, with SoSoValue data showing about US$20.1 million (AU$30.75 million) of net inflows on Friday, extending the streak to 19 straight days. Total inflows were close to US$974.5 million (AU$1.49 billion), with assets under management at about US$1.18 billion (AU$1.81 billion).
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Solana ETFs Takes In Fresh Money
Solana ETFs also took in fresh money despite SOL’s weaker price. Farside Investors’ data showed a seven-day inflow streak, led by about US$16.6 million (AU$25.40 million) on Tuesday. Total net inflows were about US$674 million (AU$1.03 billion).
Solana spot ETFs launched in July and expanded in October of this year, with some analysts pointing to the products as a sign of continued interest from traditional finance investors even during the wider crypto market pullback.
Solana has seen a lot of institutional support and interest. Recently, JP Morgan used the Solana network to carry out a US$50 million (AU$77.1 million) tokenised commercial paper transaction for Galaxy Digital.
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