Bitcoin and Ether ETFs bleed as Solana quietly pulls in ‘curious capital’
Bitcoin and Ether ETFs saw significant outflows while Solana ETFs attracted inflows for the sixth straight day.Summary
Spot Bitcoin and Ether ETFs experienced heavy redemptions totaling nearly $800 million over five consecutive days, with Bitcoin ETFs seeing $578 million in outflows and Ether ETFs $219 million in redemptions on Tuesday alone. This trend, which has wiped nearly $1 billion from Ether ETFs since late October, is attributed by experts like Vincent Liu of Kronos Research to institutions trimming risk amid rising macro jitters, a strengthening US dollar, and tightening liquidity, rather than a loss of confidence in crypto.
In stark contrast, spot Solana (SOL) ETFs posted $14.83 million in net inflows, marking their sixth consecutive day of gains. Liu suggests Solana’s strength is due to "fresh flow meets fresh story," as the newer ETF with yield appeal attracts "curious capital." While Solana shows upward momentum due to its speed, staking, and narrative, Liu cautioned that this growth is currently niche, driven by early adopters chasing yield, as the broader market remains in a risk-off mode.
(Source：Cointelegraph)