Solana & Ripple’s XRP Funds Record Massive Institutional Inflows While BTC & ETH Stumble with Outflows

Key Points

1. Solana's institutional products attracted $8.9 million in the last seven days, with monthly inflows reaching $20.4 million and year-to-date inflows at $55 million.

2. SOL whales are accumulating the asset, anticipating a price surge above $250, with the asset currently up 16% today and 23% over a recent period.

3. XRP recorded $8.5 million in weekly inflows, with monthly flows at $29.7 million and broader monthly numbers reaching $161 million.

4. Bitcoin and Ethereum saw institutional outflows of $430 million and $7 million, respectively, amid market volatility and macroeconomic factors.

5. The approval of XRP spot ETFs is seen as a potential catalyst for the asset to surpass previous highs, with growing investor sentiment around such products.