Crypto ETF Flows: Ether Loses $141M as Solana Gains $61M
The US spot crypto exchange-traded products saw $70.7 million in combined net outflows during the Sep. 14-18 trading week, driven by withdrawals from Ether funds outweighing demand for Bitcoin, Solana, and Hyperliquid products.
According to Farside Investors, the four U.S. crypto ETF categories tracked by the firm diverged sharply during the week. Bitcoin products recovered from $746.3 million of combined withdrawals on Tuesday and Wednesday, while Ether ETFs failed to erase their midweek losses.
Solana funds drew fresh capital in four of the five sessions, including their strongest day of the week on Friday, with a total of $60.7 million in net inflows. BlackRock's IBIT led the weekly rankings with $120.6 million in net inflows, followed by Fidelity's FBTC with $79.9 million after drawing $310.7 million on Friday.
The late reversal coincided with Bitcoin's return above $80,000 on Friday, after it had come under pressure earlier in the week due to the Federal Reserve raising its target rate by 25 basis points to 3.75%, 4.00%, its first increase in more than three years.