In an unexpected turn against the widespread digital market correction, the Solana and XRP ETFs have managed to attract massive capital recently. While established Bitcoin funds face historical outflows, these emerging products register combined net inflows nearing 900 million dollars, standing out as rare green marks in a red financial landscape.
On the other hand, recent data from financial aggregators confirm that Solana-based products accumulated nearly 500 million in net inflows. Likewise, instruments linked to XRP are not far behind, adding 410 million dollars in positive flows to date. The Bitwise launch stood out on Thursday, raising an impressive 105 million dollars on its first trading day. Furthermore, Canary’s XRPC fund added an additional 12.8 million, consolidating a trend of institutional accumulation despite the difficult environment.
Why are investors betting heavily on altcoins during the crisis?
This divergence occurs during one of the most severe outflow streaks for spot Bitcoin and Ether funds. While flagship products suffer massive redemptions, the resilience of these new vehicles suggests an unusual conviction. It is evident that investors are diversifying their strategies, seeking exposure beyond the two dominant assets of the cryptocurrencies ecosystem. This behavior marks a notable exception, as these funds have not recorded a single day of outflows since their launch.
However, despite the optimism reflected in institutional capital flows, the price performance of the underlying assets remains concerning. Solana has retreated 32.5% in the last month, while XRP has fallen 21.2% in the same thirty-day period. Nevertheless, the yearly chart of XRP tells a different story, showing an increase of 49.9% compared to the previous year. This disconnect between strong fund inflows and spot price could indicate a strategic long-term bet.
Finally, the consistency of daily inflows into the Solana and XRP ETFs demonstrates that selective institutional interest has not disappeared. While short-term volatility persists strongly, constant accumulation could lay the technical foundations for a future recovery. The market will continue to watch closely if this contrarian investment trend finally manages to boost valuations in the coming critical weeks.
