U.S. spot altcoin ETFs recorded outflows in five markets on Oct. 16, led by Solana (SOL), while NEAR Protocol (NEAR) was the only tracked group to attract money, SoSoValue data showed.
Solana funds registered a $12.67 million net outflow, bringing their withdrawal streak to 10 consecutive trading days. Bitwise’s BSOL was the sole declining product among the nine funds, with its loss equal to the group total. The other eight funds had no outflows.
XRP spot ETFs gave up $2.47 million, with Canary’s XRPC accounting for the entire amount across five products. The group’s net outflow streak reached two trading sessions.
Chainlink (LINK) funds recorded a net outflow of $397,256 after a day of inflows. Bitwise’s CLNK brought in $1.56 million, while Grayscale’s GLNK lost $1.96 million.
HBAR funds lost $558,980 after 10 sessions with unchanged flows. Zcash (ZEC) funds posted a $1.22 million outflow, their second straight session of net withdrawals. SoSoValue data put the Zcash outflow at $14.76 million on Oct. 15; EconoTimes’ report on the prior session covered that earlier figure.
The NEAR inflow came through Bitwise’s NEAR ETF (NRR), which attracted $2.61 million. The gain extended its positive-flow run to two trading sessions.
Dogecoin (DOGE), Avalanche (AVAX), Hyperliquid (HYPE), Litecoin (LTC), Polkadot (DOT), BNB and TRON (TRX) all ended flat. Those seven markets, the five with outflows and NEAR accounted for all 13 tracked altcoin spot ETF markets that day.
SoSoValue listed $1.62 billion in net assets and $90.03 million in trading volume for Solana products on Oct. 16. The corresponding NEAR totals were $82.36 million in assets and $8.32 million in trading volume. Cumulative net inflows stood at $1.56 billion for Solana products and $83.05 million for NEAR.
