US Spot Crypto ETFs See Bitcoin, Solana, and XRP Gain, Ether Loss
U.S. spot cryptocurrency exchange-traded funds (ETFs) recorded significant net inflows into Bitcoin, Solana, and XRP products last week, while Ether funds posted a notable net outflow.
According to recent data, U.S. spot Bitcoin ETFs recorded net inflows of $241.09 million last week, outpacing other categories. Spot Solana and XRP ETFs also drew net inflows of $2.43 million and $4.74 million, respectively, over the same period.
However, the opposite trend was observed in spot Ether ETFs, which posted net outflows of $138.02 million, making them the only major spot crypto ETF category to lose funds last week.
This development is noteworthy, especially considering the recent performance of these cryptocurrencies. The varying trends in net inflows and outflows highlight the complexities of the cryptocurrency market and the diverse investor interests.