Solana News Today: Investors Shift to XRP as Solana ETFs Face First Outflow in Turbulent Crypto Market

Solana exchange-traded funds (ETFs) recorded their first outflow since launch in mid-November 2025, marking a shift in investor behavior as capital rotates across the crypto market. The outflow, though smaller in scale compared to Bitcoin's record $3.79 billion monthly outflows, underscores a broader trend of selective reallocation among institutional and retail investors. Bitcoin ETFs, which had attracted over $24 billion in inflows through October, saw the second-largest single-day outflow of $900 million on November 14 as prices fell below $95,000-a drop that triggered profit-taking and macroeconomic concerns.

The divergence in fund performance highlights Solana's unique appeal. Since launching on October 28, Solana ETFs attracted $531 million in their first week, driven by 7% staking yields and lower fees compared to Bitcoin according to reports. The funds maintained a streak of 20 consecutive days of inflows, including a record $58 million on November 3 according to data.

However, this momentum waned as the broader market shed $230 billion in value, with Solana ETFs recording $156 million in outflows last week. Analysts attribute the outflow to technical challenges on the Solana network and heightened risk perception, contrasting with XRP ETFs, which saw $89 million in inflows during the same period.

Bitcoin's struggles reflect macroeconomic pressures. The asset's ETF outflows accelerated in November as investors trimmed positions amid a bearish outlook. BlackRock's iShares Bitcoin Trust (IBIT) alone lost $355.5 million in a single day, while Grayscale's GBTC and Fidelity's FBTC each shed over $190 million. "The market is going down, and ETF outflows are expected as investors take profits or hedge risk," said Nicolai Søndergaard of Nansen. Meanwhile, Solana's staking yields and institutional adoption -such as Bitwise's $500 million AUM milestone for its staking ETF- have positioned it as a "blue-chip" alternative.

The rotation also benefited other altcoins. XRP ETFs, which debuted with $243 million in inflows, have attracted $628 million cumulatively, supported by regulatory clarity and institutional interest. Dogecoin ETFs, however, underperformed, with Grayscale's GDOG recording just $1.41 million in first-day inflows-far below projections. This contrast highlights the uneven momentum among altcoin ETFs, with Solana and XRP outpacing meme-based assets like Dogecoin.

Looking ahead, analysts suggest the market is entering a phase of selective exposure. "In a risk-off environment, assets with clearer narratives-like Solana's staking yields or XRP's regulatory progress-tend to outperform," said Czhang Lin of LBank Labs. With the Federal Reserve signaling potential rate cuts, some predict a year-end rally for altcoins if ETF demand sustains. However, Solana's recent outflow and Bitcoin's continued bleed of capital indicate that volatility remains a key factor. The crypto market's next move will likely hinge on macroeconomic stability, regulatory developments, and the ability of altcoins to maintain their institutional appeal.