Crypto ETFs Split Again: Bitcoin, Ether Bleed as Solana Surges

The midweek trading session brought another twist to the crypto exchange-traded fund (ETF) market. After Tuesday’s surge in inflows, both bitcoin and ether ETFs reversed sharply into the red, shedding a combined $462 million. Meanwhile, solana ETFs quietly extended their winning streak, defying the broader outflow trend with yet another green day.

For bitcoin ETFs, investors pulled out a hefty $277.98 million, marking a swift return to red after Tuesday’s brief rebound. The outflows were concentrated across four major players, with Fidelity’s FBTC leading the retreat at $132.86 million. Ark & 21Shares’ ARKB followed with $85.18 million, while Blackrock’s IBIT and Grayscale’s GBTC lost $36.88 million and $23.05 million, respectively. Despite the sell-off, trading remained active, with $3.66 billion in volume and net assets holding at $135.81 billion, a sign that while sentiment cooled, liquidity stayed intact.

Mixed flows for Bitcoin over the past eight days, with five days of outflows and three days of inflows.

Ether ETFs also faced a wave of redemptions totaling $183.77 million, suggesting that traders may be locking in profits or rotating capital elsewhere. Blackrock’s ETHA led with a massive $91 million outflow, followed by Grayscale’s ETHE at $49.35 million. Grayscale’s Ether Mini Trust lost $23.80 million, and Fidelity’s FETH rounded out the exits with $19.62 million. The day’s trading volume reached $1.88 billion, with net assets slipping to $22.14 billion.

Read more: US Budget Deal Calms Markets as Crypto Holds Steady

The bright spot in the digital asset ETF space once again came from solana ETFs, which posted $18.06 million in net inflows. Bitwise’s BSOL captured the majority with $12.46 million, while Grayscale’s GSOL added $5.59 million. Daily trading volume hit $35.42 million, and net assets climbed to $574.42 million, continuing a trend of resilience and steady accumulation.

Wednesday’s flows underscored a clear narrative: while bitcoin and ether ETFs faced another test of investor conviction, solana’s newfound appeal among institutional traders continues to grow, one green day at a time.

FAQ🚀

• Why did bitcoin and ether ETFs see outflows again?
  Both BTC and ETH ETFs faced nearly $462 million in redemptions as investors took profits after Tuesday’s surge.
• Which funds led the withdrawals?
  Fidelity’s FBTC and Blackrock’s ETHA saw the biggest outflows, signaling shifting short-term sentiment.
• Why is solana outperforming?
  Solana ETFs added $18 million in fresh inflows, showing continued institutional interest despite broader market cooling.
• What does this mean for the ETF market?
  The divergence highlights selective investor confidence, with solana emerging as the steady winner in a volatile week.

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