Bitcoin ETFs Record Largest Outflow in Over 3 Months as Solana Funds Keep Flashing Green
Spot Bitcoin ETFs experienced their largest single-day outflow since January, while Solana funds continue to attract consistent institutional investment.Summary
Spot Bitcoin ETFs saw $635.23 million in outflows on May 13, marking the largest single-day decline since January 29. This downturn threatens to break a six-week streak of positive inflows, during which Bitcoin products had accumulated approximately $3.4 billion. Ethereum funds have similarly faced recent pressure with three consecutive days of outflows.
Conversely, Solana ETFs have demonstrated resilience, recording positive inflows throughout May with $90.83 million in total gains. While other altcoin products like XRP, Dogecoin, and Chainlink have seen muted interest, Solana currently leads the altcoin ETF market. Additionally, the new Hyperliquid (HYPE) ETF from 21Shares has maintained a positive performance since its recent debut.
(Source：BeInCrypto)