Solana, XRP, and Dogecoin have attracted new investor demand even as Bitcoin and Ethereum come under severe institutional selling pressure.
Last week, digital asset investment products saw $1.07 billion in outflows, according to CoinShares, making it their first negative week after seven straight weeks of gains. It was also the third largest weekly outflow in 2026.
Bitcoin saw the majority of the selling pressure as investors shifted toward a broader risk-off approach amid renewed geopolitical concerns surrounding Iran. However, investor sentiment appears to have stabilized towards the end of the week following the news Related to the law of clarity.
CoinShares found that 11 digital assets continued to attract inflows despite the broader decline, while on Thursday it recorded inflows worth $174 million.
XRP and Solana challenge market panic
Bitcoin recorded $982 million in outflows last week, bringing its year-to-date total to $3.9 billion. Ethereum also faced intense selling pressure, leaving assets worth $249 million in its biggest weekly decline since January 30. Blockchain equity ETFs were similarly affected, posting a total decline of $133 million amid widespread risk-off sentiment.
On the other hand, many altcoins have continued to attract investor interest. XRP led inflows with $67.6 million, followed by Solana with inflows of $55.1 million. Next was Ton, which recorded $7.7 million, Sui $4.7 million, Ondo $4.1 million, Chainlink $3.9 million, and Dogecoin $3.2 million. Asset manager He explained Investors are increasingly looking beyond Bitcoin and Ethereum for selective exposure.
According to CoinShares, the recent wave of crypto investment product withdrawals has been driven almost entirely by the US, which saw $1.14 billion in funds withdrawn last week. European markets held up much better, led by Switzerland with $22.8 million and Germany with $22 million. The Netherlands added $7.5 million, while Sweden was the only exception with a smaller drop of $4 million. During the same period, Canada attracted $12.6 million, and Australia saw $4.4 million in new investment.
The pressure may continue
QCP Capital too to caution Bitcoin could remain under pressure after that break Below the $78,000 support level earlier today. The Singapore-based company said the expiration of more than $4 billion worth of IBIT options has weakened the stabilizing effect that previously helped keep bitcoin trading within a narrow range.
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The broader macro backdrop has also become less supportive, as seen with US Treasury yields rising and USD/JPY approaching 160, where intervention risks could lead to a sharp unwinding of yen positions and drain a crucial source of global liquidity that has historically supported risk assets.
QCP added that cryptocurrencies are likely to remain within a range unless markets see tangible progress in US-China trade talks or US-Iran negotiations.
