XRP and Solana funds attract inflows as bitcoin outflows hit nearly $1 billion

CoinShares data shows investors are rotating into listed products based on XRP and SOL while bitcoin and ethereum products posted heavy weekly outflows.

Investors poured money into XRP (XRP) and solana (SOL) listed products last week, according to a recent CoinShares report, even as nearly $1 billion exited bitcoin funds, a sign that some crypto traders are rotating into selective altcoin bets rather than heading for the exits.

XRP products attracted $67.6 million in inflows and solana drew $55.1 million in the week ended May 15, according to CoinShares. Funds tied to bitcoin bled $982 million and ethereum lost $249 million.

“Altcoins held up notably well,” CoinShares Head of Research James Butterfill wrote, pointing to inflows for TON, DOGE, and Chainlink listed products as well.

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

The divergence comes as XRP has held up better than ether (ETH) during the recent selloff, down about 5.1% over the past week compared with ethereum’s 7.4% drop, while bitcoin has shed roughly $5,000 in days amid ETF outflows and aggressive selling pressure.

CoinDesk previously reported that bitcoin’s recent slide may be more than a routine pullback, with ETF outflow accelerating over the last two weeks as traders aggressively sold in both spot and futures markets.

Options markets are also flashing caution, with investors paying up for downside protection, a sign that some expect the selloff to deepen.

Prediction market traders appear to agree. On Polymarket, bettors now assign a 65% chance that bitcoin falls to $75,000 this month, compared with just an 11% chance of a rebound to $85,000, underscoring how quickly sentiment has shifted toward further downside.