XRP and SOL Keep Printing Inflows While $BTC Does Its Best Imitation of a Rock 🪨

Capital has continued to flow into XRP and Solana even as Bitcoin trades near the $60,000 level, with on-chain and ETF data pointing to persistent institutional demand for the two large-cap altcoins. The $XRP/$BTC ratio is down nearly 30% since the October 2024 crash, while $SOL/$BTC has fallen more than 45% over the same period, returning to Q4 2024 levels. Bitcoin dominance has held near 60% without a sustained bid flowing back into BTC, and the altcoin market has remained capped as Bitcoin broke key support zones, most recently losing the $60k level.

The flows into XRP and Solana stand out against that backdrop. XRP has now outpaced Bitcoin and Ethereum in weekly ETF flows for five consecutive weeks. XRP ETFs recorded over $2 million in net inflows last week, while Bitcoin ETFs posted $19 million in net outflows over the same period, according to the data cited in market commentary.

On Solana, the demand picture is reflected in stablecoin and real-world asset expansion. Circle has minted another 750 million USDC on the network, and Solana's total RWA value has pushed to a new record above $3 billion, reinforcing its positioning as a venue for on-chain capital deployment. Taken together, the continued inflows during a period of broader market weakness indicate selective institutional positioning in high caps rather than a broad-based altcoin rotation, with XRP and SOL among the assets seeing steady demand as Bitcoin dominance continues to consolidate.