Alternative Coins Gain Traction: SOL and XRP ETFs Witness Positive Flows Amidst BTC & ETH Outflows

While Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) faced outflows exceeding $236 million on December 4th, Solana (SOL) and Ripple (XRP) ETFs experienced inflows. This shift in investor sentiment may reflect a rotation towards alternative cryptocurrencies amid evolving market dynamics. Market data shows that Bitcoin ETF outflows totaled $194.64 million while ETH saw $41.57 million in outflows. Conversely, SOL ETFs attracted $4.59 million and XRP ETFs witnessed $12.84 million in inflows respectively. This suggests a growing interest in altcoins as investors seek diversification beyond the dominant BTC and ETH.