Institutional Investors Trim Exposure to Major Cryptocurrencies
- Bitcoin ETFs experienced $65.40 million in net outflows on Monday, entirely from Blackrock’s IBIT.
- Ether ETFs recorded a loss of $85.40 million, marking the tenth consecutive day of outflows.
- Solana ETFs saw outflows of $699,830 through Vaneck’s VSOL, continuing a six-day losing streak.
- NEAR funds attracted $3.98 million in inflows, contrasting with broader market trends.
The cryptocurrency market is witnessing significant institutional repositioning as major ETF categories face substantial outflows, particularly in Bitcoin and Ether funds managed by Blackrock. Solana’s continued decline underscores the cautious sentiment among investors.
Despite the broader trend of de-risking, NEAR stands out with positive inflows, indicating selective investor interest in targeted exposure while reducing positions elsewhere. (Source)
