Bitcoin ETF Outflows as Ether, XRP, and Solana Gain
- Bitcoin ETFs recorded outflows of $462.73 million last week, ending a three-week inflow streak.
- Ether ETFs gained $197.11 million, marking four consecutive weeks of positive inflows.
- XRP ETFs attracted $18.98 million in the same period.
- Solana ETFs saw $10.30 million in weekly inflows.
- The Federal Reserve’s decision on interest rates and the Senate CLARITY vote could influence future ETF demand.
Last week marked a significant shift in institutional investment trends within the cryptocurrency market, with substantial outflows from Bitcoin ETFs contrasted by gains in Ether, XRP, and Solana ETFs. This divergence highlights selective investment strategies amid macroeconomic uncertainties.
Despite losing $462 .73 million, Bitcoin ETFs remain positive for September due to previous gains . In contrast , Ether ‘s strong institutional demand is evident with a net gain of $197 .11 million last week . (Source )
