U.S. spot Bitcoin (BTC) exchange-traded funds recorded $104 million in net outflows on January 24, extending a withdrawal streak to five consecutive days.
Spot Ethereum (ETH) products followed a similar trend, losing $41.74 million and marking four straight days of capital exits.
Despite the pullback from the two largest assets, institutional investors directed fresh capital toward smaller altcoin-linked products.
Solana (SOL) spot ETFs posted $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
Market data from SoSoValue indicates that the Fidelity SOL ETF (FSOL) was the sole contributor to Solana’s daily gains.
The fund has now reached a historical cumulative net inflow of $148 million.
The XRP sector showed even stronger resilience as the Bitwise XRP ETF contributed the entirety of the day’s $3.43 million inflow.
Cumulative inflows for XRP ETFs have climbed to $1.23 billion, suggesting a distinct appetite for regulated Ripple-linked exposure despite broader market cooling.
Why It Matters
The current withdrawal cycle for Bitcoin and Ethereum suggests a period of tactical derisking 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 toward portfolio diversification.
Investors appear to be treating these altcoin wrappers as hedges or strategic allocations while waiting for price stability in the primary crypto markets.
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