ETH, XRP, Solana ETFs draw $59M; altseason not underway

On Sept. 9 US exchange-traded funds tied to Ethereum, XRP and Solana attracted about $59 million while Bitcoin-linked ETFs registered $120.24 million in net outflows. Ether-focused ETFs took in $34.75 million, XRP products $12.29 million and Solana funds $11.73 million. Bitcoin ETFs posted a second consecutive day of withdrawals.

Over the 30 days through Sept. 9, Bitcoin ETFs recorded $3.42 billion of net inflows and Ethereum funds added $1.76 billion. Solana and XRP ETFs drew $200.88 million and $185.32 million, respectively. Together those four categories accounted for roughly $5.57 billion of about $5.64 billion in 30-day net inflows across completed spot crypto ETF categories tracked by SoSoValue.

Smaller ETF categories registered lower totals in that 30-day window. Hyperliquid funds gathered $54.77 million, Chainlink $19.21 million, Hedera $2.54 million and Avalanche $1.3 million. Products for Dogecoin, Litecoin and BNB showed small net outflows and Polkadot reported no net flow.

On Sept. 9 specifically, ETFs for Hedera, Avalanche, Dogecoin, Polkadot, Litecoin and BNB reported zero net flows despite movement among larger assets.

Assets under management were concentrated at the top. Bitcoin products held about $99.33 billion, Ethereum ETFs $15.69 billion, and XRP and Solana vehicles near $1.5 billion each. Hyperliquid managed roughly $464 million and Chainlink about $182 million. Every other completed category stood below $60 million.

BlockchainCenter defines altseason as a period when 75% of the top 50 eligible cryptocurrencies outperform Bitcoin over 90 days. Its Altcoin Season Index read 37 on Sept. 9. CoinGecko data showed Bitcoin controlled about 56.64% of total crypto market capitalization on Sept. 9, compared with 56.02% three months earlier and 56.54% a year earlier.