According to BlockBeats, the cryptocurrency ETF market showed notable divergence last Friday, with Bitcoin and Ethereum-related products experiencing significant net outflows, while various altcoin ETFs, particularly XRP, continued to attract institutional funds. This indicates a significant shift in the funding structure.
Mainstream assets saw noticeable outflows, with Bitcoin spot ETFs recording a single-day net outflow of approximately $195 million, marking one of the weakest performances in weeks. Ethereum ETFs also registered significant net outflows, ending the brief net inflow observed earlier in the week.
Analysts suggest that macroeconomic uncertainty, especially pending inflation data, is prompting institutions to temporarily reduce risk rather than fully retreat. The decline in mainstream ETF trading volume also reflects investors' temporary caution.
In contrast to the pressure on BTC and ETH, XRP ETFs have maintained net inflows for several weeks, with cumulative inflows nearing $900 million. This reflects growing institutional confidence in its relative value and potential regulatory benefits. Other altcoin ETFs, such as Solana, also recorded slight net inflows, indicating that market funds are not exiting but rather rotating internally.
As the year-end approaches and macroeconomic uncertainty rises, institutional investors are no longer viewing the crypto market as a single risk asset but are becoming more selective in their investments. They are reducing exposure to BTC and ETH, which are more susceptible to macroeconomic pressures, while increasing allocations to altcoins with stronger momentum or clearer narratives.
Friday's ETF fund flow data highlights a new trend among institutions in a turbulent environment: exiting mainstream assets without leaving the market, and increasing holdings in alternative assets with stronger volatility resistance.
