Spot cryptocurrency ETFs tied to Solana and Hyperliquid saw fresh capital inflows on July 1, while XRP funds recorded withdrawals amid selective demand across digital asset markets. Data from SoSoValue shows Solana spot ETFs posted approximately $500,000 in net inflows, while Hyperliquid funds gained $2.9 million. In contrast, XRP spot ETFs registered $1.86 million in net outflows.
The divergent flows highlight that investors continue to direct capital toward specific assets rather than the broader crypto market. Daily ETF flows often reflect shifting demand, portfolio rebalancing, profit-taking, or reduced risk appetite.
Solana Price Recovery Attracts Renewed Interest
Solana traded above $78 on Thursday, gaining nearly 10% over the week. Stronger derivatives data, modest fund demand, and improving technical momentum supported the recovery. CoinGlass data shows Solana’s long-to-short ratio at 1.11, its highest level in more than a month. A ratio above one indicates bullish positions outnumber bearish positions.
Solana’s funding rate also turned positive, reaching 0.0017% on Thursday. Positive funding means long traders pay short traders, signaling stronger demand for upward price exposure.
According to SoSoValue, Solana spot ETFs attracted $521,070 on Wednesday, contributing to a cumulative $3.55 million in net inflows through Wednesday. While the flow remains modest, it aligns with improving market indicators. Further inflows could support price demand if the trend continues and strengthens.
Hyperliquid Gains While XRP Funds Experience Capital Losses
Hyperliquid spot ETFs recorded $2.9 million in net inflows on July 1, surpassing Solana’s daily total. The protocol has gained attention among traders using on-chain derivatives. Meanwhile, XRP spot ETFs moved in the opposite direction, posting $1.86 million in withdrawals. The outflows reflect weaker daily demand compared with Solana and Hyperliquid products.
XRP remains linked to ongoing legal proceedings between Ripple Labs and the U.S. Securities and Exchange Commission, and the uncertainty has contributed to cautious investor sentiment. At the same time, the Solana Foundation introduced Solana Governance Proposals, establishing an on-chain process for major network decisions. Validators can submit, support, and vote on broad governance questions.
The framework limits proposals to high-level network direction rather than detailed technical changes. Validators use the svmgov program to conduct stake-weighted voting. A validator vote account must hold at least 100,000 SOL in delegated stake before placing a proposal on-chain. The proposal then requires support from 15% of active stakeholders. Validators prove voting weight through Merkle proofs linked to an on-chain stake snapshot. The process gives validators a formal avenue to shape major questions about Solana’s future direction.
What’s Next for Crypto ETFs?
Solana and Hyperliquid ETFs attracted fresh capital, while XRP funds recorded notable withdrawals. Solana also gained support from improved derivatives data, price recovery, and new validator governance measures. Investors should monitor ETF flows, market positioning, and network developments for clearer signals about future demand.