Crypto ETF flows: Ethereum leads with $60.8M, Solana turns negative

Digital assets performed well on Thursday as the global crypto market cap increased by 3% the previous day to $3.1 trillion.

Bitcoin tops $91,000 as several tokens record intraday gains.

This article evaluated the current ETFs’ performance, which has been vital in determining institutional appetite for cryptocurrency offerings.

Meanwhile, the latest exchange-traded funds flow stats indicate a cautious approach amidst broader uncertainty.

Ethereum extends winning streak

The top altcoin continued to attract institutional demand.

On November 26, Ethereum spot ETFs pulled net inflows of $60.82 million.

That marked a 4th successive day of gains. It has seen massive flows in the past four days, with $55.7 million as the least.

Notably, this comes after Ethereum recorded staggering ETF outflows since November 11.

Thus, the current data reflects shifting sentiments among institutional crypto enthusiasts.

Moreover, the sustained demand reflects Ethereum’s growing appeal among investors seeking compliant, long-term allocations.

Buyers are steadily accumulating despite short-term price volatility.

Ethereum has consolidated the past week, now exchanging hands at $3,030 after gaining 3% the last 24 hours.

SOL ETFs turn negative for the first time

Meanwhile, Solana grabbed attention with its shift in exchange-traded fund flows.

After recording net inflows since its October 28 debut, SOL ETF recorded the first outflows on November 26 at $8.2 million.

That has broken a substantial streak of inflows. That likely indicates possible institutional rotation to other products like the thriving XRP ETFs.

Nevertheless, the cool-offs are not unusual after steady uptrends.

Moreover, we cannot rely too much on one outflow as institutional interest in Solana remains steady.

SOL gained more than 4% the past 24 hours to $143.

XRP ETF demand steady

Ripple’s token continued to attract attention. It recorded net inflows of $21.81 million across its exchange-traded fund products.

XRP ETF displays remarkable performance, buoyed by anticipations of top-notch regulatory clarity after the prolonged fight with the securities regulators ended.

The products have seen cumulative total net inflows of $643 million.

That reflects unwavering institutional interest in new ETF products.

The remittance coin is exchanging hands at $2.21.

BTC ETFs record minor gains

Bitcoin spot exchange-traded funds logged $21.12 million in inflows on November 26.

Massive $33.30 million withdrawal from Fidelity’s FBTC contributed to the modest gain.

Meanwhile, multiple BTC ETFs, including BlackRock (+42.82M) and Grayscale (+5.63M), posted gains to reflect gradual purchases as institutional investors remain cautious amid Bitcoin price struggles.

The latest ETF flows data confirm a market that’s gradually stabilizing as investors maintain a cautious bias.

The products are recording encouraging demand, but not matching the sentiments witnessed during stable price rallies.  

The post Crypto ETF flows: Ethereum leads with $60.8M, Solana turns negative appeared first on Invezz