XRP and Solana dominate crypto ETP flows as Ethereum declines-24-03-2025
ETPs, those investment vehicles closely watched by the market, have delivered a clear verdict: Ethereum is losing ground to XRP and Solana. According to CoinShares, net outflows from Ethereum-related products have reached $86 million in just one week, while its competitors are gaining market share. Meanwhile, Bitcoin solidifies its status as a safe haven with $724 million in inflows. Are we seeing a breakout scenario or just a simple correction? Let’s dive into the dynamics of a market in full swing.
Ethereum in freefall: the domino effect
$86 million evaporated. This figure is a wake-up call. It marks the fourth consecutive week of net outflows for Ethereum ETPs – a record that’s causing concern.
Are institutional investors jumping ship? The reasons are becoming clear: delays in network updates, fierce competition, or perhaps just a profit-taking moment before a broader pullback? One thing is certain: distrust is settling in.
Meanwhile, Bitcoin continues to advance with renewed optimism. Massive inflows, particularly driven by BlackRock’s iShares Bitcoin Trust, are reminding everyone of one fact: in times of uncertainty, Bitcoin remains a bunker. $724 million in inflows in just 7 days erase five weeks of outflows, proving that the crypto space still has its unshakable hierarchies… or almost.
Because in the shadows, XRP and Solana are making their move. XRP saw $6.7 million in inflows, while Solana gained $6.4 million. Though small compared to Bitcoin, these amounts are symbolic. These inflows point to a strategy of diversifying bets on undervalued assets. Is Ethereum paying the price for lacking a clear narrative? That question is on everyone’s mind.
XRP and Solana: the rise of the outsiders
XRP is making a strong statement. Its legal victory over the SEC in 2023 has changed the game: institutional investors are finally willing to back it. Its use in cross-border payments, combined with ridiculously low fees, makes it a serious competitor.
Solana, on the other hand, is betting on speed. With 10,000 transactions per second compared to Ethereum’s 15, its argument is powerful. And the recent announcement of a Solana futures ETF in the U.S. has sparked huge speculation. Could this be the start of a Bitcoin ETF-style phenomenon? Traders are loving it.
But beware of unrealistic expectations. Projects like Polygon and Chainlink are picking up the scraps (with $400,000 and $200,000 in inflows, respectively). This shows that only projects with a winning combination of technology, adoption, and hype will thrive. Ethereum knew this… perhaps it’s forgotten. Bitcoin may still hold the top spot, but the real battle is being fought elsewhere. And you? Which horse are you betting on? For Trump, his memecoin is the best of them all.
