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Solana and XRP Bag Bullish Inflows
A new CoinShares institutional inflow report highlights positive crypto inflows in the market this month. The total market saw $921 million in net gains, bringing the monthly figure to $6.6 billion. These inflows came on the back of macro factors as the United States market continues to have a dominant effect on crypto prices. Specifically, the low CPI report prompted renewed confidence in these assets.
Solana funds recorded $29.4 million in inflows last week, following major initial headwinds that stalled investments. October has been a high-flying month for the community-dubbed ETH killer, recording $381.8 million so far. This year, the asset has pulled $2.8 billion in investor capital to its products. Solana’s surge is driven by a growing decentralized finance (DeFi) ecosystem, as more developers and users support the network.
On the other hand, XRP bagged $84.3 million in inflows to lead the altcoin pack, recovering from its previous loss. This year, XRP has been the most bullish institutional altcoin, recording a nineteen-week streak of inflows before the last correction. The asset dominates the market due to its cross-border functionalities, coupled with a string of recent investments.
On a broader trend, Solana and XRP bulls are actively backing the asset as a result of anticipated spot ETFs in the United States. If approved, these products will attract significant traditional capital to the market, much like Bitcoin has done. Spot Bitcoin ETFs played a crucial role in the market leader’s surge to multiple all-time highs over the past 12 months, alongside a surge in capital through acquisition firms.
 
While Solana and XRP recorded gains last week, Ethereum whales pulled back after a prolonged period of jittery trading. The asset lost ground to other altcoins and faced a $168 million outflow last week. Despite these hurdles, analysts are optimistic about Ethereum’s rebound, citing mass capital migration from Bitcoin to altcoins.
“The capital entering BTC appears stable, paced, and less reactive to short-term market cycles.
Ethereum, however, has experienced a much sharper expansion. Total ETH fund holdings are now approximately 6.8 million ETH, marking a year-over-year increase of about 138%. This acceleration aligns with the scaling of spot ETH ETF inflows, the rise of staking participation, and Ethereum’s continued role as a foundational settlement layer for DeFi, tokenization, and layer-2 networks,” CryptoQuant researchers wrote.