Institutions Rotate to XRP, NEAR Crypto & Solana as Crypto Funds Bleed $1.47B: Report

Varinder Singh
Varinder Singh

Varinder Singh

Independent Sr. Journalist
Expertise : Bitcoin, Crypto, Global Macro, DeFi, Blockchain, Web3, US Stocks, AI, Regulations and Lawsuits, & More
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.
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Institutions Rotate to XRP, NEAR Crypto & Solana as Crypto Funds Bleed $1.47B
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Highlights

  • XRP, Near Protocol, and Solana recording massive institutional buying globally.
  • Crypto funds saw $1.47 billion in outflows, with massive outflows from Bitcoin and Ethereum.
  • XRP, NEAR Crypto, and Solana open interest rising in derivatives markets and whales.

In major crypto news today, XRP, Near Protocol, and Solana are witnessing massive buying from retail and institutional investors. Institutions are rotating out of Bitcoin and Ethereum into altcoin-focused crypto funds, as evident from recent analyst predictions and spot ETF inflows.

Crypto Funds Record $1.47 Billion in Outflows

Crypto funds globally saw outflows of $1.47 billion, a second consecutive negative week, CoinShares reported on May 26. Also, this marks the third-largest weekly outflow of 2026, following two outflows of $1.7 billion in late January.

Cumulative outflows over the past two weeks now stand at $2.54 billion despite the CLARITY Act progress. Bitcoin saw $1.315 billion in outflows, the largest weekly outflow of 2026.

Meanwhile, Ethereum saw $222 inmillion in outflows, broadly in line with last week. Continuous outflows from Bitcoin and Ethereum signal that macro and US-Iran war-related risk-off has deepened and broadened.

Altcoins continued to attract selective inflows but on a smaller scale than the prior week. XRP leads with $31.8 million in inflows. NEAR crypto and Solana followed with $9 million and $7.7. million, respectively. Also, Sui and multi-asset funds recorded significant inflows.

Bitcoin, Ethereum, XRP, Solana, NEAR Crypto Funds Flows
Bitcoin, Ethereum, XRP, Solana, NEAR Crypto Funds Flows. Source: CoinShares

Notably, nine crypto asset funds, including XRP, recorded inflows of more than $1 million. This signals institutions rotating to XRP, NEAR Protocol and Solana.

XRP, NEAR Crypto, and Solana Price Action amid Positive Sentiment

XRP, NEAR, and Solana open interests are rising in the derivatives markets, while Bitcoin and Ethereum record low-volume trades. The US continued to dominate outflows, accounting for $1.425 billion. Crypto funds in Switzerland, Canada, and Hong Kong also recorded a risk-off sentiment.

In the last 24 hours, NEAR crypto futures open interest has skyrocketed more than 26% to $911.67 million across derivatives crypto exchanges, as per Coinglass data. This comes as BitMEX co-founder Arthur Hayes predicts a major rally ahead.

NEAR crypto rallied almost 150% in a few weeks amid positive AI news, with an 18% jump to $2.90 in the past 24 hours. Trading volume has increased by 20% further over the last 24 hours.

NEAR Futures Open Interest
NEAR Futures Open Interest. Source: Coinglass

XRP price is trading more than 1% higher at $1.35 today. The 24-hour low and high are $1.33 and $1.36, respectively. As CoinGape reported, XRP price flashed a buy signal amid whale and institutional buying.

Meanwhile, Solana climbed 2% to $85.49 in the last 24 hours amid renewed interest among institutions. Solana ETFs continued to record inflows, with Bank of America revealing Solana ETF exposure.

The 24-hour low and high for SOL price are $83.81 and $86.37, respectively. However, trading volume dropped almost 10% in the past 24 hours.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

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About Author
About Author
Varinder is a seasoned leader in the fintech and crypto media with over 12 years of experience, including over 6 years dedicated to blockchain, crypto, and Web3 developments. He is known for covering high-impact and quality news stories for publishers such as CoinGape, The Coin Republic, and The Crypto Times, while perfecting and training multiple journalists during his tenure. Being a Master of Technology degree holder, analytics thinker, and tech enthusiast, he has shared his knowledge of disruptive technologies in over 6000 news articles and papers.