Bitcoin ETFs See Outflows as XRP and ETH Attract Inflows
Spot Bitcoin ETFs saw $74.5M in outflows while XRP, ETH, and SOL posted strong inflows on November 17.
- Spot Bitcoin ETFs recorded $74.5M in outflows on Nov. 17
- XRP led inflows with $25.41M, followed by ETH and SOL
- Market rotation shows growing investor interest in altcoins
On November 17, the cryptocurrency market witnessed a notable shift in investor sentiment. While Spot Bitcoin ETFs recorded $74.5 million in outflows, several altcoins experienced substantial inflows — a signal that investors may be rotating funds into alternatives to Bitcoin.
The largest inflows came from XRP, which attracted $25.41 million, followed by Ethereum (ETH) with $10.37 million, and Solana (SOL) with $8.2 million. These figures suggest growing confidence in altcoins, especially as the broader market navigates macroeconomic uncertainty and anticipates further regulatory clarity.
Ethereum, XRP, and Solana Attract Attention
Ethereum’s positive flow of $10.37 million is a strong indicator that institutional investors remain bullish on the second-largest crypto asset, especially with increasing buzz around Ethereum ETFs and its expanding DeFi ecosystem.
XRP’s standout $25.41 million inflow follows recent favorable legal developments and renewed optimism around its utility in cross-border payments. The sustained interest could hint at longer-term bets being placed on XRP as a leading altcoin.
Solana’s $8.2 million inflow reflects its growing adoption in NFT and DeFi sectors, as well as its strong community support. Despite past issues, Solana continues to rebound, with investors showing renewed confidence in its tech and ecosystem.
Is the Market Rotating Away from Bitcoin?
While Bitcoin ETF outflows don’t necessarily imply a bearish trend, the capital movement suggests that investors might be temporarily reallocating funds to altcoins with stronger short-term narratives or growth potential.
This flow dynamic could also be influenced by profit-taking after BTC’s recent rally or anticipation of broader altcoin movements. Either way, it highlights the evolving behavior of institutional crypto investors.
