Spot cryptocurrency ETFs linked to Solana and Hyperliquid attracted fresh capital on July 1, while XRP products recorded withdrawals amid selective demand across digital asset markets. Solana spot ETFs posted about $500,000 in net inflows, while Hyperliquid funds gained $2.9 million. XRP spot ETFs, by contrast, recorded $1.86 million in net outflows.
The split showed that investors continued to direct capital toward specific assets rather than the broader crypto market. Daily ETF flows often reflect demand, rebalancing, profit-taking, or reduced risk appetite.
Solana traded above $78 on Thursday after gaining nearly 10% during the week. Stronger derivatives data, modest fund demand, and improving technical momentum supported the recovery. CoinGlass data showed Solana’s long-to-short ratio at 1.11, its highest reading in more than one month. A ratio above one means bullish positions exceed bearish positions.
Solana’s funding rate also turned positive at 0.0017% on Thursday. Positive funding means long traders pay short traders, which points to stronger demand for upward price exposure.
SoSoValue data showed Solana spot ETFs attracted $521,070 on Wednesday. The products had recorded $3.55 million in net inflows through Wednesday. The flow remained modest, yet it matched improving market indicators. Further inflows could support price demand if the trend continues and gains strength.
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Hyperliquid spot ETFs recorded $2.9 million in net inflows on July 1, exceeding Solana’s daily total. The protocol has gained attention among traders using on-chain derivatives. XRP spot ETFs moved in the opposite direction and posted $1.86 million in withdrawals. The outflows pointed to weaker daily demand compared with Solana and Hyperliquid products.
XRP also remained linked to continuing legal proceedings between Ripple Labs and the US Securities and Exchange Commission. The uncertainty contributed to cautious investor sentiment. At the same time, the Solana Foundation introduced Solana Governance Proposals, creating 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 needs 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 route to shape major questions about Solana’s future direction.
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 continue monitoring ETF flows, market positioning, and network developments for clearer signals about future demand.