Moneyiar
menu

Bitcoin ETFs see second consecutive outflow as Ether, XRP and Solana funds attract inflows

Bitcoin ETFs posted a second straight day of outflows on Wednesday, losing $120 million—more than double Tuesday’s loss. Ether, XRP and Solana funds moved in the opposite direction, recording inflows.

CoinDesk 3 unique views
Bitcoin ETFs see second consecutive outflow as Ether, XRP and Solana funds attract inflows
Bitcoin-focused exchange-traded funds recorded a second consecutive day of net outflows on Wednesday, with withdrawals reaching $120 million, according to CoinDesk. The outflow was more than twice the loss reported on Tuesday, indicating a sharper reversal in flows into bitcoin funds over the two sessions. By contrast, funds tied to Ether, XRP and Solana registered inflows during the same period. The contrasting movement placed bitcoin products apart from the other crypto funds covered in the report, which all posted positive flows. The figures provide a snapshot of investor activity across crypto exchange-traded products, with bitcoin funds facing renewed redemptions while several major altcoin-linked products attracted fresh money.
Source CoinDesk This is an original Moneyiar brief based on the cited source.
Read original source ↗

Related news

Based on this story’s market and assets

Comments