Ethereum ETFs Lose $175M as SEC Fast-Tracks Spot XRP Filings

Ethereum exchange-traded funds (ETFs) continue on their second day of outflows on Friday, October 10, 2025, after ending an 8-day inflows streak.

The Ethereum ETF outflows coincide with the U.S Securities and Exchange Commission (SEC) moving forward with multiple XRP ETF filings.

For now, both ETH and XRP have failed to recover from ongoing market volatility.

Ethereum ETFs Outflows Hit $175M

According to SoSoValue data, the spot ETH ETFs trading in the U.S. registered total net outflows of $175 million on October 10.

This figure is so much higher than the $8.7 million outflows seen by the Ethereum ETF market on October 9. As a result, it raises questions about the implications for the price movement of ETH.

According to the SoSoValue data, all nine funds experienced no net inflows. Notably, the iShares Ethereum Trust ETF (ETHA) from BlackRock recorded the largest daily outflows of $80.2 million.

Grayscale’s ETHE came second with outflows of $30.6 million, followed by Fedility’s FETH with $30.1 million.

Similar to the ETH ETFs, their Bitcoin (BTC) counterparts, although minimal, also experienced outflows on October 10.

Notably, the BTC exchange-traded funds recorded total net daily outflows of $4.5 million. However, BlackRock’s IBIT registered the only inflows of $74.2 million.

Thus, the $4.5 million outflows came from the remaining 10 funds. Bitwise’s BITB came first with outflows of $37.4 Million, followed by Grayscale’s GBTC with $19.2 Million.

These outflows signal caution among investors, possibly due to broader market risks. Although momentum into the spot BTC and ETH ETF markets has slowed, the cumulative inflows since launch remain positive.

SEC Makes Progress on Multiple XRP ETF Filings

In another positive development, the SEC received filed amendment applications for multiple XRP ETF applications on October 10.

Generally, amendments are part of the final stages before potential approval decisions, with several deadlines clustered in October 2025.

Therefore, the new amendment filing represents a major step forward for spot XRP exchange-traded funds in the U.S.

Analysts view it as a good sign of potential approval, similar to the tweaks for Bitcoin and Ethereum ETFs.

Asset managers that have filed to list a spot XRP ETF include Bitwise, Franklin, 21Shares, WisdomTree, Grayscale, and Canary. These firms have submitted amended S-1 registration statements to the SEC.

If approved, these ETFs could attract billions in institutional inflows, boosting liquidity and the price of XRP.

Ripple CEO Brad Garlinghouse hinted at spot XRP ETF approvals before the end of 2025.

This development reflects growing mainstream adoption of XRP amid a more crypto-friendly regulatory environment in the U.S.

How ETH and XRP Price Reacted

So far, the Ethereum price has reacted negatively to the recent ETF outflows and other broader market factors.

As of this writing, ETH is priced at $3,820, down more than 11% over the previous day. On the weekly and monthly charts, ETH has decreased by 14.8% and 13.6%, respectively.

In a similar move, XRP, another top market altcoin, experienced a price drop of 12.6% over the past 24 hours. Currently, XRP is valued at $2.46, with a market cap of $147.8 billion.

Meanwhile, the latest ETH and XRP price drops coincide with a massive liquidation sweep in the general crypto market.

The market shakeout follows an announcement from U.S. President Donald Trump about imposing a 100% tariff on Chinese imports.

Thus, analysts claim the sharp crypto will regain momentum once macroeconomic trends become more stable.

Some claim the market is in a cooling phase as it awaits a big shift to begin the next leg up.