Source: Coinomedia
Original Title: SOL and XRP Spot ETFs See Bullish Inflows
Original Link: https://coinomedia.com/sol-and-xrp-spot-etfs-see-bullish-inflows/
Bitcoin and Ethereum ETFs Face Investor Pullback
In a surprising twist in the crypto ETF market, SOL and XRP spot ETFs experienced strong net inflows last week, even as the two largest cryptocurrencies—Bitcoin and Ethereum—suffered significant outflows. This shift suggests a growing appetite for altcoin exposure among institutional and retail investors alike.
Bitcoin spot ETFs led the outflow trend with a staggering $681.01 million in net losses, followed by Ethereum ETFs which saw $68.57 million in outflows. This marks a notable cooling in sentiment for the two crypto giants, which had previously dominated ETF inflows since their launches.
Several analysts point to broader market uncertainty and profit-taking as possible reasons behind the shift. Bitcoin recently faced resistance near key price levels, and Ethereum’s long-awaited network upgrades may not have delivered the bullish momentum investors expected.
ETF Flow Summary
Asset
Flow
BTC
-$681.01M
ETH
-$68.57M
SOL
+$41.08M
XRP
+$38.07M
Altcoins Attract New Institutional Interest
While BTC and ETH saw money leaving, Solana (SOL) and XRP spot ETFs posted healthy inflows of $41.08 million and $38.07 million, respectively. This trend indicates growing confidence in altcoins, possibly driven by lower valuations and increasing utility.
Solana has recently gained attention for its speed, scalability, and increasing adoption in DeFi and NFTs. XRP, on the other hand, continues to rally from its partial legal clarity in the U.S., with many expecting further institutional adoption.
This week’s ETF flow data reflects a clear shift in investor interest. If the trend continues, altcoin-focused ETFs could become a stronger force in crypto markets, potentially reshaping the digital asset investment landscape.
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SOL and XRP Spot ETFs See Bullish Inflows
Source: Coinomedia Original Title: SOL and XRP Spot ETFs See Bullish Inflows Original Link: https://coinomedia.com/sol-and-xrp-spot-etfs-see-bullish-inflows/
Bitcoin and Ethereum ETFs Face Investor Pullback
In a surprising twist in the crypto ETF market, SOL and XRP spot ETFs experienced strong net inflows last week, even as the two largest cryptocurrencies—Bitcoin and Ethereum—suffered significant outflows. This shift suggests a growing appetite for altcoin exposure among institutional and retail investors alike.
Bitcoin spot ETFs led the outflow trend with a staggering $681.01 million in net losses, followed by Ethereum ETFs which saw $68.57 million in outflows. This marks a notable cooling in sentiment for the two crypto giants, which had previously dominated ETF inflows since their launches.
Several analysts point to broader market uncertainty and profit-taking as possible reasons behind the shift. Bitcoin recently faced resistance near key price levels, and Ethereum’s long-awaited network upgrades may not have delivered the bullish momentum investors expected.
ETF Flow Summary
Altcoins Attract New Institutional Interest
While BTC and ETH saw money leaving, Solana (SOL) and XRP spot ETFs posted healthy inflows of $41.08 million and $38.07 million, respectively. This trend indicates growing confidence in altcoins, possibly driven by lower valuations and increasing utility.
Solana has recently gained attention for its speed, scalability, and increasing adoption in DeFi and NFTs. XRP, on the other hand, continues to rally from its partial legal clarity in the U.S., with many expecting further institutional adoption.
This week’s ETF flow data reflects a clear shift in investor interest. If the trend continues, altcoin-focused ETFs could become a stronger force in crypto markets, potentially reshaping the digital asset investment landscape.