CoinShares data shows investors are rotating into listed products based on XRP and SOL while BTC and ETH products posted heavy weekly outflows.

Bitcoin ETFs bore the brunt of a geopolitically driven sell-off, CoinShares said, though altcoin funds largely held their ground.

Goldman Sachs exited its positions in XRP and Solana ETF holdings in the first quarter, while increasing its stake in BlackRock's IBIT.