Institutions are shifting: XRP and Solana ETFs continue to attract funds, while Bitcoin experiences the largest single-day net outflow in a month

【BlockBeats】An interesting phenomenon has emerged: what are institutional funds doing lately?

Since the launch of the US spot XRP ETF in November, the cumulative net inflow has surpassed $1 billion, marking an important milestone for altcoin ETFs. On Monday alone, the XRP ETF saw a single-day net inflow of $10.89 million, with major institutions like Canary, Grayscale, and Franklin Templeton continuing to increase their positions.

Vincent Liu, Chief Investment Officer at Kronos Research, explained straightforwardly— the XRP spot ETF surpassing $1 billion indicates that institutional investors are no longer only focusing on BTC and ETH; they are starting to seek assets with relatively clear regulation. In other words, risk appetite is quietly shifting.

Comparing this to other cryptocurrencies’ performance makes it even more interesting. The Solana ETF saw a net inflow of $35.2 million on Monday, bringing its total to $711 million. Meanwhile, Bitcoin ETFs experienced a net outflow of $358 million (the largest single-day outflow in nearly a month), and Ethereum ETFs also saw outflows of $225 million.

What about the price side? Bitcoin dropped from nearly $89,000 to around $85,500 at one point on Monday. Market analysts pointed out that this actually reflects several issues: macroeconomic uncertainty remains, liquidity is tightening toward the end of the year, and leverage is being unwound. In this environment, funds are starting to move toward relatively “safer” assets.