BTC and ETH ETFs continue to experience large outflows, while Solana ETFs are attracting funds against the trend.
TL;DR
Bitcoin and Ethereum ETFs saw significant daily and weekly outflows, driven by major firms like BlackRock and Grayscale. In contrast, Solana ETFs attracted inflows, with Fidelity notably increasing its holdings.
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According to ChainCatcher and Lookonchain statistics, Bitcoin and Ethereum ETFs saw net outflows of 3,495 BTC (approximately $306 million) and 17,969 ETH (approximately $52.74 million) respectively on the day, with cumulative net outflows of 8,778 BTC (approximately $768 million) and 29,287 ETH (approximately $85.96 million) over the past seven days, mainly driven by BlackRock and Grayscale. In contrast, the Solana ETF bucked the trend, attracting net inflows of 6,401 SOL (approximately $794,000) on the day, with cumulative net inflows of 117,433 SOL (approximately $14.56 million) over the past seven days. Fidelity increased its holdings by over 65,000 SOL in a week.