Shifting Crypto ETF Flows: Institutional Investors Target Altcoins

U.S. crypto ETFs experienced notable outflows from Bitcoin and Ethereum funds last week, suggesting a shift in investor positioning as they gravitate towards alternative cryptos like Solana and XRP. This trend was evident in the form of substantial redemptions for popular Bitcoin and Ethereum products, particularly IBIT and Grayscale’s Bitcoin Trust, which saw combined net asset value declines. Meanwhile, Solana ETFs attracted significant inflows over the week, highlighting a growing demand for altcoins despite broader industry-wide market volatility.