Bitcoin Outflows Hit $1B as XRP, Solana Attract Big Money: Altcoin Rotation?

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<a href="https://jpygbp.com/xrp-usd/">XRP</a> and Solana funds attract inflows as <a href="https://minority-mindset.com/btc-usd/">bitcoin</a> outflows hit nearly $1 billionMarkets

What to know:

  • Investors pulled nearly $1 billion from bitcoin funds last week while pouring fresh money into XRP and Solana products, signaling a rotation into select altcoins rather than an exit from crypto.
  • XRP and Solana products drew $67.6 million and $55.1 million in inflows, respectively, as XRP outperformed ethereum during the sell-off and other altcoins like TON, dogecoin and Chainlink also attracted capital.
  • Mounting ETF outflows, rising demand for downside options and prediction market odds favoring a drop to $75,000 over a rebound to $85,000 show sentiment has turned sharply more bearish on bitcoin in the near term.

Last week, investments in XRP and Solana products saw a significant increase, according to a new report from CoinShares. This happened even though nearly $1 billion was withdrawn from Bitcoin funds, suggesting some crypto investors are shifting their money into specific alternative cryptocurrencies instead of selling off their holdings entirely.

Digital asset firm CoinShares reports that XRP and Solana saw significant investment inflows last week, bringing in $67.6 million and $55.1 million respectively. However, Bitcoin experienced outflows of $982 million, and Ethereum saw $249 million leave the market during the week ending May 15th.

Altcoins performed surprisingly well, with notable investment flowing into products related to TON, DOGE, and Chainlink, according to James Butterfill, Head of Research at CoinShares.

“Investors are looking past Bitcoin and Ethereum for selective exposure,” Butterfill continued.

Recently, XRP has shown more resilience than ether during the market downturn. Over the past week, XRP’s value decreased by about 5.1%, while ether fell by 7.4%. Bitcoin has experienced a sharper decline, losing around $5,000 in value due to ETF outflows and strong selling.

As CoinDesk reported, the recent drop in Bitcoin’s price could be more significant than a typical dip. Over the past two weeks, investors have been selling off Bitcoin in both traditional and futures markets, leading to increased outflows from Bitcoin ETFs.

Trading in options suggests investors are worried about further market declines. They’re willing to pay more to protect themselves from potential losses, indicating they anticipate the recent selling pressure could worsen.

Traders on prediction markets seem to believe bitcoin will likely fall to $75,000 this month. Currently, they give it a 65% probability, while only an 11% chance is assigned to it rising back to $85,000. This shows a rapid change in expectations, leaning towards further price drops.

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2026-05-19 11:31