Bitcoin ETFs Weather Storm as Altcoin Funds Lose Steam

Bitcoin exchange-traded funds (ETFs) showed remarkable resilience last week, pulling in $986.9 million in inflows despite a sharp decline in other major fund categories.

This marks a significant increase of 6.7% from the previous week's haul for Bitcoin ETFs, while the four other major product groups saw their weekly inflows fall between 73% and 96%.

Solana ETFs suffered the steepest drop, with inflows plummeting by 96% to just $6.2 million last week, down from $153.9 million the previous week.

Altcoin funds also gave back a significant portion of their gains from the previous week, with Ethereum, XRP, and Hyperliquid funds seeing their inflows decline by 73%, 83%, and 78% respectively.