Bitcoin and Ether ETFs See Continued Outflows as Solana and XRP Attract Flows — Market Analysis

The latest market data shows a continuation of capital rotation within the digital-asset ecosystem as Bitcoin and Ether exchange-traded funds recorded further outflows while funds linked to Solana and XRP attracted fresh money. The global crypto market cap remained just above $3.02 trillion even as 24-hour trading volume dipped approximately 19% to near $80.5 billion. This mixed signal highlights persistent volatility and sectoral reallocation among investors.

Data compiled by Company SoSoValue indicates that Bitcoin ETFs experienced an outflow of about $104 million on Thursday, marking a fifth consecutive day of withdrawals. At the same time, Ether-linked ETFs posted a net outflow of roughly $41.74 million, extending their losing streak to four sessions. These moves coincided with Bitcoin slipping below the psychological $90,000 level to trade around an average price of $89,122 at press time, down about 7% over the last seven days, while ETH fell over 11% in 24 hours to trade near $2,950.

Among funds, Company BlackRock's iShares Bitcoin Trust (IBIT) accounted for the bulk of the outflows, with approximately $101.62 million leaving the product in a single session. Despite that pullback, Company BlackRock's IBIT remains the largest Bitcoin ETF by cumulative flows, maintaining around $62.9 billion in net inflows since launch. Company Fidelity's Wise Origin Bitcoin Fund ranked second in that day's outflow tally, seeing about $1.95 million withdraw, while its total cumulative inflows sit near $11.46 billion. Collectively, all Bitcoin spot ETFs now hold approximately $115.88 billion in net assets — roughly 6.48% of Bitcoin's total market cap.

By contrast, funds linked to Solana and XRP posted inflows: Solana ETFs recorded about $1.87 million and XRP ETFs roughly $3.43 million during the same session. Over the past week, Solana ETFs attracted north of $9 million, with net assets near $1.08 billion and a net asset ratio close to 1.50%. SOL has recently failed to hold above $127 after consolidation, trading around $126.85 amid broad market selling pressure. XRP benefited from rotation as well, with inflows pointing to renewed investor interest.

Market participants are also monitoring new product filings that could reshape ETF offerings. Asset manager Company Cyber Hornet filed for an S&P Crypto 10 ETF under ticker CTX, which — if approved — could emerge as the first spot crypto basket tied to an S&P index. According to the filing, the proposed portfolio would allocate about 69% to Bitcoin, 14% to Ether, 5% to XRP, 4% to Binance Coin, and 2% to Solana, with smaller weights for TRON, Cardano, Bitcoin Cash, Chainlink, and Stellar. The potential introduction of such a product could catalyze further flows across diverse tokens and affect relative performance.

Political developments are adding to market uncertainty. Reports that the U.S. Senate suspended sessions have delayed progress on a long-awaited crypto market structure bill, introducing near-term selling pressure as traders weigh regulatory prospects and legislative timetables.

In sum, the current environment reflects a rotation from large-cap, Bitcoin- and Ether-focused ETFs into thematic plays such as Solana and XRP, alongside caution tied to macro and political news. Traders should watch ETF flow trends, net asset levels, and price support/resistance zones for these tokens to gauge the persistence of this rotation and its implications for broader market momentum.