Bitcoin and Ether ETFs Bleed $797 Million as Solana Defies the Downtrend

CN
3 hours ago

Crypto ETF Flows Turn Red Except for Solana’s $15 Million Surge

The red tide in crypto exchange-traded funds (ETFs) showed no signs of easing as investors pulled hundreds of millions from bitcoin and ether funds for a fifth straight day. Yet amid the selloff, solana’s ETFs continued to shine, small in scale but steady in sentiment, offering a glimmer of optimism in an otherwise bruised market.

Bitcoin ETFs faced another brutal trading day, with $577.74 million in outflows spread across seven funds. Fidelity’s FBTC bore the heaviest hit, suffering a massive $356.58 million withdrawal. Ark & 21Shares’ ARKB followed with $128.07 million in exits, while Grayscale’s GBTC lost $48.89 million.

Additional outflows came from Vaneck’s HODL (-$17.04 million), Valkyrie’s BRRR (-$11.34 million), Franklin’s EZBC (-$8.72 million), and Bitwise’s BITB (-$7.10 million). With a staggering $8.94 billion in trading volume, bitcoin ETF net assets fell sharply to $134.53 billion, marking one of the steepest drops in recent weeks.

Bitcoin and Ether ETFs Bleed $797 Million as Solana Defies the Downtrend

Six days of straight inflows for solana ETFs.

Ether ETFs joined the exodus, losing $219.37 million across four funds. Blackrock’s ETHA led with $111.08 million in redemptions, trailed by Grayscale’s Ether Mini Trust at $68.64 million. Fidelity’s FETH and Grayscale’s ETHE both saw outflows nearing $20 million each. The day’s $4.15 billion in trading volume reflected continued investor uncertainty, pushing net assets down to $21.12 billion, a low not seen in weeks.

Meanwhile, solana ETFs kept their winning streak alive, attracting $14.83 million in fresh inflows. Bitwise’s BSOL pulled in $13.16 million, while Grayscale’s GSOL added $1.67 million, pushing total net assets to $488.80 million on $68.53 million in volume.

Even as bitcoin and ether ETFs face relentless outflows, solana continues to capture investor confidence, a quiet but telling signal of a potential shift in tides in the crypto ETF market.

FAQ📉

  • Why did bitcoin and ether ETFs see massive outflows again?
    Investors withdrew $797 million from bitcoin and ether ETFs as market sentiment stayed risk-off for a fifth straight day.
  • Why are solana ETFs still attracting inflows?
    Solana ETFs brought in $15 million, showing continued investor confidence in its network despite broader crypto weakness.
  • Which funds were hit hardest by redemptions?
    Fidelity’s FBTC and Blackrock’s ETHA led the outflows, losing $356 million and $111 million, respectively.
  • What does this mean for crypto ETF investors?
    The data suggests capital is rotating away from bitcoin and ether toward alternative assets like solana for near-term exposure.

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