Solana ETFs Experience Largest Outflow Amid Market Shift to XRP
- Spot Solana ETFs recorded a net outflow of $13.55 million, marking the largest outflow to date.
- Despite the outflows, Solana ETFs’ assets under management (AUM) reached over $790 million.
- XRP ETFs saw net inflows of $90 million, bringing total assets to over $723 million.
- XRP whales holding over 100 million coins are at a seven-year high, with a total of approximately 48 billion XRP held.
- SOL price has rebounded by more than 3%, currently trading at $127.53, while XRP trades around $2.01.
The shift in institutional interest is evident as funds move from spot Bitcoin and Ethereum ETFs toward high-growth altcoins like Solana and XRP. This trend highlights changing market dynamics amid recent volatility.
As Solana experiences significant outflows, its AUM remains strong at over $790 million, while XRP’s robust inflows indicate growing institutional confidence in altcoins.(Source)
