While Solana shows resistance, a rotation has started in the market. In recent days, there have been significant outflows from Bitcoin, Ethereum, and XRP spot ETFs in the ABD — it appears that institutions are reducing their positions rather than buying at these dip levels. Bitcoin ETFs saw a daily outflow of $133 million, and Ethereum products also lost $42 million. But what’s interesting here is that Solana spot ETFs broke the trend with a $2.4 million inflow.

Bitcoin funds hold a total of more than $83 billion in assets—about 6% of Bitcoin’s total market value. The Ethereum side is similar as well, with a pool of around $11 billion. XRP, on the other hand, is smaller, at just over $1 billion. With Ethereum trading below $2,000, downward pressure continues.

In my view, this inflow into Solana shows that investors haven’t completely exited the crypto sector—they’re simply moving their positions elsewhere. With ongoing macroeconomic uncertainty and strengthening of the U.S. dollar, ETF flows reveal in real time which assets institutions still believe in. Some altcoin ETFs, such as Chainlink, also saw marginal inflows, but the overall picture continues in the form of selective exposure. In other words, it’s not a complete exit—more like a rotation.