Exchange-traded funds (ETFs) on spot Bitcoin (BTC) in the United States recorded $104 million in net outflows on January 24, extending the withdrawal streak to five consecutive days.
Spot products on Ethereum (ETH) followed a similar trend, losing $41.74 million and marking four consecutive days of capital outflows.
Despite the pullback in the two largest assets, institutional investors have directed new capital towards products related to smaller altcoins.
Spot ETFs on Solana (SOL) recorded $1.87 million in net inflows, while Ripple (XRP) products attracted $3.43 million during the same period.
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Divergent trends in ETF flows
SoSoValue's market data indicates that the Fidelity SOL ETF (FSOL) was the sole contributor to Solana's daily gains.
The fund has now reached a cumulative historical net influx of $148 million.
The XRP sector has shown even stronger resilience, with the Bitwise XRP ETF alone contributing to the entire daily influx of $3.43 million.
Cumulative inflows for XRP ETFs have risen to $1.23 billion, suggesting a strong appetite for regulated exposure related to Ripple despite the broader market cooling.
Why this matters
The current cycle of withdrawals on Bitcoin and Ethereum suggests a period of tactical risk reduction among institutional holders.
Analysts note that these outflows often reflect macroeconomic rebalancing rather than a reversal of the long-term adoption trend.
The continued growth of Solana and XRP ETFs highlights a structural shift towards portfolio diversification.
Investors seem to view these altcoin envelopes as hedges or strategic allocations while waiting for price stabilization in major crypto markets.
Also read: Bitcoin Prediction Markets Show Dim Odds For $100K Recovery
