According to Bijié Wǎng, the volatile week in the cryptocurrency market revealed a significant reallocation of institutional capital. While Bitcoin and Ethereum faced sell-offs, institutional investors shifted funds toward XRP ETFs, with Grayscale XRP ETF (GXRP) and Franklin Templeton’s XRPZ attracting over $80 million in new inflows. Meanwhile, Solana ETFs, particularly 21Shares Solana ETF (TSOL), experienced a record $60 million in redemptions, marking their first major setback. However, other Solana products like Bitwise’s BSOL saw inflows, indicating a shift rather than a full withdrawal from the asset. Despite the redemptions, the price of SOL rose over 3%, showing continued long-term confidence.
XRP ETF Sees Strong Inflows as Solana ETF Faces First Major Redemption
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