While Bitcoin ETFs spent June bleeding billions, something quieter has been happening down the risk curve: XRP spot ETFs have now logged nine straight weeks of net inflows, and Solana funds are picking up steam too. On a sleepy weekend tape, that rotation was the most interesting story in crypto.
XRP and Solana funds defy the Bitcoin outflows
XRP spot ETFs added another US$17.19 million last week — their ninth consecutive positive week — while Solana funds regained momentum, even as Bitcoin products only just clawed their way back to modest inflows (Analytics Insight). Why it matters here: institutional demand is broadening beyond BTC and ETH — but note the disconnect: XRP is still trading around US$1.10, not far off its 19-month low. Fund inflows are not a price guarantee.
Solana’s network is running hot — its price isn’t
Solana processed almost 3.8 billion transactions in June, with daily active addresses near 7 million, more than US$2.5 billion in tokenised real-world assets on-chain, and weekly DEX volume now ahead of Ethereum (crypto.news). Why it matters: if you hold SOL on a local exchange, this is the classic usage-versus-price divergence — fundamentals at record highs while SOL drifts under US$80. Worth understanding before you read any "SOL is dead" or "SOL to the moon" takes.
Ethereum Foundation’s stack is down to ~0.1% of supply
The Ethereum Foundation’s holdings have fallen from roughly 17% of ETH supply at launch to about 0.1% today (MEXC News). Why it matters: every "foundation dump incoming" scare you’ve read is now largely maths-proof — there isn’t much left to dump. One more decentralisation milestone institutions quietly care about.
Bitcoin: flat weekend, eyes on US$67k
BTC sat around A$92,300 (US$64,200) over the weekend, with ETH near A$2,590 (US$1,818) — both basically flat. Bitcoin retested US$64,400, and analysts note a clean break opens the path to the mid-June peak at US$67,250 (FXStreet). US spot ETF flows turned modestly positive late last week (~US$90 million on 10 July) after a brutal June (Interactive Crypto). Why it matters: with US CPI mid-week and the Warsh Fed meeting on 28–29 July, rate expectations will move your AUD portfolio more than anything happening locally.
ATO tax time: they already have your data
With FY25–26 returns now open, a reminder of the scale of the ATO’s crypto data-matching program: exchanges have been instructed to hand over transaction details for up to 1.2 million accounts, the program reaches back to 2014–15, and the OECD’s CARF framework now feeds it offshore exchange data too (Crypto Tax Calculator, H&R Block). Crypto is explicitly on the ATO’s 2026 hitlist. Why it matters: if you disposed of crypto last financial year — including swaps and spending it — assume the ATO already knows. Report it before they prompt you.
What to watch
US CPI lands mid-week, the AUSTRAC VASP registration window closes 29 July (operating unregistered becomes illegal after that), the US Clarity Act faces a late-July Senate push, and the Fed meets 28–29 July.
If the ETF rotation has you comparing where to buy XRP or SOL locally, our guide to the best Australian crypto exchanges covers fees and coin range — CoinSpot remains our top pick for beginners.
Not financial advice — do your own research and consider your circumstances. This post contains affiliate links; we may earn a commission at no extra cost to you. Prices checked at publish time and internally consistent across sources.