finance
XRP and Solana Funds See Inflows as Bitcoin Products Record $982 Million Outflow
CoinShares data for the week ended May 15 shows investors added $67.6 million to XRP products and $55.1 million to Solana products. Bitcoin-linked funds recorded a $982 million outflow and ethereum products lost $249 million during the same period.
May 19, 4:25 AM·1m read1 source
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CoinShares reported that listed products tracking XRP and Solana received net inflows during the week ended May 15 while bitcoin and ethereum products experienced outflows. 1 million. Bitcoin products recorded a $982 million outflow and ethereum products lost $249 million.
4 percent. Bitcoin prices dropped approximately $5,000 during the period. CoinShares Head of Research James Butterfill stated that altcoins held up well and pointed to inflows into products tracking TON, DOGE, and Chainlink.
Options markets showed increased demand for downside protection. On Polymarket, traders assigned a 65 percent probability that bitcoin falls to $75,000 this month and an 11 percent probability of a rebound to $85,000.
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