Crypto
Bitcoin ETFs Soar to $101M as Ethereum and Solana Suffer Outflows
The institutional flows in the cryptocurrency market saw a significant divergence on Wednesday as Bitcoin ETFs attracted fresh capital, while Ethereum, Solana, and XRP products experienced outflows.
Bitcoin ETFs recorded $101.2 million in inflows, with IBIT leading the way at $115.4 million and GBTC continuing to see redemptions of $56.2 million.
Ethereum ETFs ended a 12-day streak of inflows, posting $48 million in outflows as ETHA, FETH, and ETHE saw withdrawals while ETHB attracted fresh capital.
Solana and XRP ETFs also saw outflows, with Solana logging $6.1 million and XRP posting $7.2 million in withdrawals, ending an 11-session streak and showing cooling demand across smaller segments.