Bitcoin ($BTC) is still struggling to recover from the downward trend that began in October, and the latest sell-off has pushed it down to levels around $72,000.
Altcoins also experienced significant losses along with Bitcoin’s decline, with Ethereum falling to around $2,100.
While the downward trend in prices continues, the situation in ETFs remains mixed.
Bitcoin ETFs Experienced an Outflow!
According to SoSoValue data, Bitcoin ETFs experienced net outflows, while Ethereum ($ETH), $XRP, and Solana (SOL) ETFs saw net inflows.
Accordingly, a net outflow of $269.9 million was observed in US spot Bitcoin ETFs.
Daily flows in Bitcoin ETFs were as follows: “BlackRock (IBIT) fund was the only fund to experience inflows with $60 million. In contrast, Fidelity (FBTC) fund experienced outflows of $148.7 million, Bitwise (BITB) fund $23.4 million, Ark Invest (ARKB) fund $62.5 million, Franklin (EZBC) fund $2.2 million, VanEck (HODL) fund $4.8 million, Grayscale (GBTC) fund $56.6 million, and Grayscale (Mini $BTC) fund $33.8 million. Valkyrie (BRRR) fund and Invesco (BTCO) fund recorded 0 inflows.”
The Situation is Different with Ethereum, $XRP, and Solana!
According to SoSoValue data, spot Ethereum ETFs saw a net inflow of $15 million.
This marks a return to net inflows after three consecutive trading days of outflows.
Fund flows in Ethereum ETFs were as follows: “Only the Fidelity (FETH) fund experienced outflows of $54.84 million and the VanEck (ETHV) fund saw outflows of $2.47 million. In contrast, the BlackRock (ETHA) fund recorded inflows of $42.9 million, the Grayscale (ETHE) fund inflows of $8.2 million, the Grayscale Mini Trust ($ETH) fund inflows of $19.1 million, and the Invesco (QETH) fund inflows of $1.1 million. Bitwise (ETHW), 21Shares (TETH), and Franklin Templeton (EZET) funds recorded 0 inflows.”
Ethereum ETFs, as well as US spot $XRP and Solana ETFs, recorded net inflows of $20 million and $1 million respectively.
What Does It Mean?
This situation shows that some investors are changing their positions rather than exiting the crypto markets entirely.
According to experts, the divergence between Bitcoin and Ethereum, $XRP, and Solana ETFs reflects a shift in risk preferences rather than a complete loss of confidence in digital assets. Capital is still moving within the crypto sector, with different use cases or other altcoins being preferred.
*This is not investment advice.