Bitcoin and Ether Post Combined $236 Million Outflow as Solana Stays Green

CN
1 hour ago

Some trading days unfold like a tug-of-war, with money flowing in one direction for hours before abruptly snapping back the other way. Thursday, Dec. 4, captured that feeling perfectly. Bitcoin and ether ETF investors pulled back sharply, while pockets of capital quietly rotated toward solana and the newly emerging XRP ETF market.

Bitcoin ETFs led the decline with a $194.64 million outflow, halting the category’s brief stretch of stability. The day’s pressure was driven overwhelmingly by Blackrock’s IBIT, which shed $112.96 million, a reminder of how influential the fund has become as a barometer for institutional appetite.

Fidelity’s FBTC followed with a $54.20 million outflow, while Vaneck’s HODL lost $14.34 million. Grayscale’s legacy GBTC recorded another $10.13 million departure, and Bitwise’s BITB closed the red streak with $3.01 million in exits. Despite the turbulence, total trading activity reached $3.10 billion, and net assets remained solid at $120.68 billion.

Bitcoin and Ether Post Combined $236 Million Outflow as Solana Stays Green

Two days of successive outflows for bitcoin ETFs after five days of inflows.

Ether ETFs didn’t fare much better, ending the session with a $41.57 million net outflow. Grayscale’s products carried the bulk of the weight: ETHE saw $30.96 million in redemptions, while the Ether Mini Trust shed $21.04 million. Fidelity’s FETH added another $17.92 million to the category’s decline.

The lone bright spot was BlackRock’s ETHA with a $28.35 million inflow, which wasn’t enough to offset the broader retreat. Still, with $1.75 billion traded and net assets at $19.64 billion, ether ETFs continued to display structural resilience even amid selling pressure.

Read more: Ether ETFs Lead With $140 Million Inflow as Bitcoin and Solana Slip

Solana ETFs, meanwhile, maintained their steady upward rhythm with a $4.59 million inflow. Fidelity’s FSOL led with $2.05 million, Grayscale’s GSOL added $1.54 million, and Bitwise’s BSOL and Canary’s SOLC contributed $734.66K and $269.69K respectively. Total value traded reached $42.39 million, keeping net assets firm at $910.07 million.

In the newest corner of the market, XRP ETFs stayed convincingly green, pulling in $12.84 million across four issuers. Franklin’s XRPZ topped the group with $5.70 million, followed by inflows into Bitwise’s XRP ($3.76 million), Grayscale’s GXRP ($2.04 million), and Canary XRPC (1.34 million).

FAQ📉

  • Why did Bitcoin and Ether ETFs see major outflows?
    Heavy redemptions from flagship funds like IBIT, FBTC, ETHE, and FETH drove both categories sharply lower.
  • Why did Solana ETFs stay positive despite broader market weakness?
    Smaller but steady inflows across FSOL, GSOL, BSOL, and SOLC kept the category in the green.
  • What’s driving the new inflows into XRP ETFs?
    Investor rotation toward emerging altcoin ETFs fueled fresh interest across all four XRP products.
  • Does this signal a shift in crypto ETF sentiment?
    Yes, capital is moving away from BTC and ETH toward alternative sectors as traders diversify exposure.

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