Bitcoin ETFs Face Significant Outflows Amid Selective Demand for Solana and XRP
- Bitcoin ETFs experienced $90.66 million in net outflows, primarily due to Blackrock’s IBIT losing $96.66 million.
- Morgan Stanley’s MSBT was the only Bitcoin ETF with positive inflows, adding $10.43 million.
- Ether ETFs saw a total outflow of $12.77 million, all from Blackrock’s ETHA.
- Solana ETFs gained $2.99 million, while XRP ETFs increased by $2.55 million, both through Bitwise products.
- Franklin plans to launch two bitcoin-linked dividend reinvestment ETFs by September 1, 2026.
The market displayed selective demand as Bitcoin and Ether ETFs faced significant outflows while Solana and XRP attracted fresh capital through Bitwise products. Despite the broader market downturn, Morgan Stanley’s MSBT managed to record positive inflows over four consecutive days.
Overall, the cryptocurrency ETF market showed mixed signals with notable outflows in major assets like Bitcoin and Ethereum but selective interest in Solana and XRP products indicating potential areas of investor focus.Source
