Bitcoin spot ETFs recorded $151M outflows on November 24.
\nEthereum\u2019s products saw inflows of $96.67 million.
\nSolana ETFs continue their winning streak with yesterday\u2019s $57 million.<\/p>\n
The cryptocurrency sector remains weak as bearish sentiments prevail.<\/p>\n
Indeed, recent price drops, muted trading activities, and worries about short-term recoveries have seen many investors adopt a defensive bias.<\/p>\n
Exchange-traded funds flow data reflects this uncertainty, with Bitcoin recording massive withdrawals as altcoin products hold steady. Let us find out more.<\/p>\n
BTC spot ETFs had a rough session on Monday, with net outflows totaling $151 million, according to SoSoValue.<\/p>\n\n
That signals deteriorated interest in these financial products, which have played a key role in institutional crypto adoption.<\/p>\n
Meanwhile, Fidelity\u2019s FBTC stood out as it posted positive ETF flows of $15.49 million on Monday amidst the broader retreat.<\/p>\n
On the other hand, BlackRock has struggled lately, with iShares\u2019 outflows surpassing $2.2 billion so far in November.<\/p>\n
Meanwhile, the mixed ETF outflows come as the Bitcoin price experiences notable downward pressure.<\/p>\n
The bellwether crypto is trading at $88,190, down from late last month\u2019s high above $115,500.<\/p>\n
While investors remain more conservative about Bitcoin, Ethereum thrived.<\/p>\n
Data shows Ether ETFs attracted $96.67 million in inflows yesterday, with BlackRock\u2019s ETHA dominating at $92.61 million.<\/p>\n
Ethereum seems to thrive as Bitcoin struggles, as narratives like the latest attacks on Strategy by JPMorgan magnified uncertainty in BTC-based financial products.<\/p>\n
Institutions are seemingly migrating to Ethereum, possibly indicating renewed trust in its unique role in powering scaling solutions, decentralized apps (dApps), and support for new infrastructure.<\/p>\n
ETH is changing hands at $2,925 after gaining 3% the past 24 hours. It lost more than 2% the past week.<\/p>\n
Solana held its ground, attracting net inflows of $57.99 million on November 24.<\/p>\n
The altcoin has seen positive ETF flows since its debut, highlighting steady institutional demand.<\/p>\n\n
For instance, Bitwise\u2019s Solana spot exchange-traded fund surpassed $500 million AUM last week.<\/p>\n
Solana experienced amplified institutional interest due to its robust network that prioritizes scalability, speed, and security.<\/p>\n
The team spent the past years rewriting Solana\u2019s reputation, darkened by previous network outages.<\/p>\n
Now, the blockchain exhibits a thriving developer community, booming app usage, and Solana-based tokens.<\/p>\n
With these factors, Solana has carved a unique lane in the blockchain industry.<\/p>\n
SOL is trading at $138 after soaring 5% in the last 24 hours.<\/p>\n
The altcoin lost nearly 30% of its value over the past month.<\/p>\n
Meanwhile, Solana inflow confirms investors looking beyond price performance while prioritizing long-term potential.<\/p>\n
Meanwhile, the latest ETF flow statistics highlight a split market.<\/p>\n
Investors are now exploring crypto offerings beyond Bitcoin.<\/p>\n
Institutional investors are no longer treating all cryptocurrencies the same.<\/p>\n
They\u2019re now evaluating every project based on solid catalysts, narratives, and momentum.<\/p>\n
The post Crypto ETF flows: BTC sees $151M outflows as ETH and SOL funds thrive<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin spot ETFs recorded $151M outflows on November 24. Ethereum\u2019s products saw inflows of $96.67 million. Solana ETFs continue their winning streak with yesterday\u2019s $57 million. The cryptocurrency sector remains weak as bearish sentiments prevail. Indeed, recent price drops, muted trading activities, and worries about short-term recoveries have seen many investors adopt a defensive bias. […]<\/p>\n","protected":false},"author":0,"featured_media":5592,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":{"0":"post-5591","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5591","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=5591"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/5591\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/5592"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=5591"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=5591"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=5591"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}