Bitcoin investment products bled $1 billion in net outflows last week, snapping a six-week run of consecutive inflows. The reversal marks the largest single-week withdrawal from bitcoin funds since early March, according to data compiled by CoinShares. Ether products remained under pressure, continuing a trend that has weighed on sentiment for the second-largest crypto asset.
Ether still in the red
Ether-focused funds posted another week of outflows, though the pace slowed compared to previous weeks. The persistent selling suggests institutional appetite for ETH remains cautious, even as the broader market digests regulatory and macro developments. No issuer-specific figures were disclosed for ether products, but the category as a whole stayed negative.
XRP and Solana ETFs buck the trend
Not every corner of the digital-asset fund market is retreating. XRP and Solana exchange-traded products continued to attract fresh institutional capital, extending a streak that has held for several weeks. The inflows into these products stand in sharp contrast to the bitcoin and ether outflows, signaling that allocators are rotating into alternative tokens rather than exiting crypto entirely.
Franklin Templeton and Bitwise drive XRP gains
Franklin Templeton and Bitwise were the primary drivers behind the inflows into XRP ETFs. The two asset managers saw steady demand for their respective XRP products, though exact inflow amounts were not broken out by issuer. Their continued traction suggests that traditional finance players are betting on XRP’s legal clarity and cross-border payments use case as a durable narrative.
What comes next is unclear. The bitcoin outflow data lands at a time when the broader market has been range-bound, and the shift in flow patterns could signal a tactical repositioning ahead of the next Federal Reserve meeting. Solana and XRP ETFs will be watched closely to see if their momentum holds through the end of the month.
