Bitcoin investment products bled $982 million in outflows last week, with investors steering capital toward XRP and Solana instead, according to the latest weekly flow data from CoinShares. The shift marks the largest single-week exodus from Bitcoin funds this year and signals a clear rotation into altcoin-focused products.
Capital flows by asset
The outflows were concentrated in Bitcoin-based exchange-traded products and trusts, which have dominated institutional crypto exposure for years. CoinShares didn't break out exact inflow figures for XRP and Solana in the release, but described the movement as a "notable rotation" away from Bitcoin and into the two altcoins. The data covers the week ending May 22.
Investor sentiment shift
The timing isn't great for Bitcoin bulls. After a strong start to the year, the asset's investment products have seen sporadic outflows for several weeks. This $982 million hit suggests institutional sentiment is wavering, at least in the short term. Meanwhile, XRP and Solana have drawn steady inflows as traders bet on regulatory clarity and ecosystem growth.
CoinShares publishes its next weekly digital asset fund flows report on Tuesday, May 26. That snapshot will tell us whether the exodus from Bitcoin accelerated or if the rotation was a one-off repositioning. For now, the data paints a clear picture: money is moving.
