Bitcoin and Ether ETFs bleed as Solana quietly pulls in ‘curious capital’
0
0
Solana ETFs extended their winning streak to six days, attracting fresh inflows even as Bitcoin and Ether funds faced heavy redemptions totaling nearly $800 million.
Spot Bitcoin and Ether exchange-traded funds (ETFs) continued to bleed capital on Tuesday, with both assets seeing their fifth straight day of outflows. In contrast, Solana funds extended their inflow streak to six days.
According to data from Farside Investors, spot Bitcoin (BTC) ETFs saw $578 million in net outflows on Tuesday, the steepest single-day decline since mid-October. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC led withdrawals.
Spot Ether (ETH) ETFs faced similar selling pressure, registering $219 million in net redemptions. Fidelity’s FETH and BlackRock’s ETHA products bore the brunt, extending a five-day trend that has wiped nearly $1 billion in capital from Ether-linked ETFs since late October.
0
0
Manage all your crypto, NFT and DeFi from one placeSecurely connect the portfolio you’re using to start.
0
0
0
0
0
0