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SOL Lead The Pack
In the last seven days, Solana’s institutional products attracted $8.9 million in inflows while the wider market saw outflows totaling $415 million. The growth in SOL funds took monthly numbers to $20.4 million and year-to-date (YTD) inflows to $55 million. Several factors, not limited to on-chain data, are behind SOL bulls moving against the market.
First, SOL whales have resumed accumulation, buying the dip and repositioning for the next uptick. While the asset trades at $201.73, bulls anticipated a run above $250 in the cycle peak. At the time of writing, the asset is up 16% today and a huge 23% in the past seven days. In the early stages of the correction, retail traders dumped tokens to protect gains picked up last year.
On the other hand, some crypto whales saw a buying opportunity at a discount. Solana’s total assets under management (AUM) moved to $1.88 billion.
“We believe these outflows were triggered by the Congressional meeting with Fed Chair Jerome Powell, who signaled a more hawkish monetary policy stance, coupled with US inflation data exceeding expectations… The majority of outflows originated in the US, totaling $464m, with most other countries remaining largely unaffected by the news,” CoinShares wrote.
 
XRP Whales Mount Pressure
XRP also took a similar path, notching $8.5 million inflows in a week marred with high volatility. Recent figures take monthly flows to $29.7 million and monthly numbers to $161 million. In recent months, XRP has become an institutional investor favorite, recording huge inflows on the heels of favorable market conditions.
Donald Trump’s win at the November polls bolstered sentiments as holders expected an end to uncertain regulations in the United States. This was also coupled with the President’s promise to make the country the world’s crypto and Artificial Intelligence (AI) capital. Amid positive signals, anticipation for spot ETFs grew in several altcoin communities.
Approval of XRP products is expected to swing the asset above multiple resistance levels as traders draw similar lines with spot Bitcoin ETFs. The approval of these products last year pushed the Bitcoin price to multiple all-time highs. Meanwhile, Bitcoin and Ethereum saw institutional outflows totaling $430 million and $7 million, respectively.
Source: https://zycrypto.com/solana-ripples-xrp-funds-record-massive-institutional-inflows-while-btc-eth-stumble-with-outflows/