Investors pulled nearly $1 billion from Bitcoin and Ethereum investment products last week while pouring money into XRP and Solana (SOL) funds, according to the latest weekly flow data from CoinShares. The rotation marks one of the sharpest weekly shifts in allocation this year, with digital asset products tied to the two largest cryptocurrencies seeing their biggest combined outflow since early 2025.
The numbers behind the rotation
CoinShares’ report, covering the week ending May 16, shows that Bitcoin products shed around $620 million in net outflows, while Ethereum products lost roughly $360 million. Together, the two categories accounted for nearly $1 billion in redemptions. On the other side, XRP-linked products saw inflows of roughly $85 million and Solana products took in about $70 million. The firm’s data covers exchange-traded products and other institutional-grade vehicles across major markets.
What drove the money out of BTC and ETH?
CoinShares did not attribute the outflows to any single catalyst, but the scale suggests a broad repositioning by institutional and retail investors. Bitcoin products had been on a strong run for most of the spring, and Ethereum had also seen consistent inflows through April. The sudden reversal could reflect profit-taking or a reassessment of near-term prospects for the two largest digital assets, though the data alone does not confirm a specific trigger.
XRP and SOL take the spotlight
The inflows into XRP and Solana products are notable because both assets have historically trailed Bitcoin and Ethereum in terms of institutional demand. XRP products have seen periodic bursts of interest tied to legal developments or exchange listings, while Solana has drawn attention for its network activity and ecosystem growth. This week’s data puts them at the center of a rotation that pulled capital away from the market’s traditional anchors.
What comes next
The CoinShares data covers only a single week, and flows can reverse quickly. Market participants will watch next week’s report to see whether the rotation continues or whether Bitcoin and Ethereum recover their share of new money. For now, the message from the flow data is clear: investors are making room for XRP and Solana in their portfolios, even if it means trimming positions in the two biggest names.
