$17,100,000 in 7 Days, Institutions Pick Solana Over Bitcoin, Ethereum and XRP - U.Today

SOL-3,26%
BTC-0,12%
ETH-1,86%
XRP-0,73%

Amid the broader cryptocurrency market volatility, institutional investors placed their bets on Solana (SOL) ahead of Bitcoin (BTC), Ethereum (ETH) and XRP. As highlighted by CoinShares researcher James Butterfill, Solana registered $17.1 million in inflows over the last seven days.

Solana wins institutional investor bid

Notably, this signals that these institutional investors are confident of Solana’s price outlook and future trajectory compared to the other crypto products. The development indicates capital flow to SOL when compared to others on the top 20 list of crypto assets.

Solana’s seven-day inflow flipped the combined flow that Litecoin, Zcash, Chainlink and others managed to attract in the same period. These assets in total recorded $10.1 million in inflows as against SOL’s $17.1 million.

Bitcoin suffered the worst weekly outflow with a total of $1.08 billion withdrawn within seven days. It was followed by Ethereum, whose outflow stood at $630.3 million, while XRP bled by $18.2 million. Other outflows were by Multi-asset and Sui, with $15.5 million and $6 million, respectively.

The total outflows in digital asset investment products came in at $1.732 billion. This marks the highest volume of outflows in more than 10 weeks.

In terms of outflows by region, most were recorded in the United States, which logged $1.8 billion within one week. Institutional players like BlackRock contributed to this massive outflow as the investment giant has steadily offloaded Bitcoin and Ethereum since the start of January 2026.

The latest, which occurred on Jan. 22, saw BlackRock dump $603 million worth of assets. It comprised $356.7 million worth of BTC and $247.1 million worth of Ethereum. Some market watchers consider that the outflow from BlackRock suggests little confidence in the price outlook of the asset on the part of the investment giant.

Price outlook signals continued volatility

Other regions that registered outflows were Sweden, the Netherlands, Hong Kong and Brazil, with $11.1 million, $4.4 million, $2.6 million and $1.7 million, respectively.

Conversely, Canada, Germany and Switzerland were countries that saw inflows of $33.5 million, $19.1 million and $32.5 million, in that order.

CoinMarketCap data shows that Solana has dropped by 3.45% in the last 24 hours and is trading at $122.37 Bitcoin has shed 1.2% and changing hands at $87,712, while Ethereum lost 1.24% and is trading for $2,898.43.

XRP remains below the $2 level and is changing hands at $1.89, which reflects a 0.03% decline.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Trader with 100% Win Rate Bets $12.3K That MicroStrategy Will Hold Over 1M BTC by Year-End

A trader known as epsteinfiles has placed a $12,300 bet with Lookonchain, predicting that MicroStrategy will hold over 1 million BTC by December 31, 2026, with a flawless track record in past bets.

GateNews4m ago

XCE settles hiring expenses in Bitcoin and locks the funds into a vault, becoming the first UK-listed company to recruit in this way

The UK executive recruiting group XCE announced that it will charge service fees in Bitcoin, becoming the first publicly listed recruiting company to issue invoices in Bitcoin and complete settlement. This move reflects its “dual integration strategy”: generating revenue through normal services, without any additional capital operations, to continue accumulating Bitcoin. XCE plans to promote Bitcoin settlement options and emphasizes that all Bitcoin will be directly stored in its treasury, with no fiat-to-Bitcoin conversions.

MarketWhisper53m ago

Strategist Sees Bitcoin Bear Signals, Warns Crypto Bust Could Push BTC to $10K

Bitcoin may be entering a bear phase as Bloomberg’s strategist warns rising volatility and tighter equity correlation are fueling fears of a broader crypto bust, even as bitcoin is currently rising. He points to Blackrock’s IBIT alongside tightening liquidity conditions, signaling risks of deeper a

Coinpedia2h ago

Whale Closes Major BTC and ETH Long Positions, Realizes $48.19M Profit

Gate News message, three wallets belonging to a single CEX entity fully closed 1,150 BTC and 95,000 ETH long positions, realizing a profit of $48.19 million. The whale currently holds a 25,000 ETH long position with 20x leverage in one wallet, with a floating profit of $8.1 million.

GateNews3h ago
Comment
0/400
No comments