Blackrock Drives $331 million Bitcoin ETF Outflow as XRP and Solana Funds Attract Inflows
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Institutional selling pressure remained firmly in control on Tuesday as bitcoin ETFs posted another major wave of outflows, while ether funds extended their losing streak to seven consecutive sessions.
Key facts
Valkyrie’s BRRR saw a $3.79 million exit, while Fidelity’s FBTC lost $1.67 million
Solana ETFs recorded net inflows of $3.78 million, led by Fidelity’s FSOL with $3.22 million
Trading activity in XRP ETFs totaled $7.96 million, with net assets ending the day at $1.12 billion
Trading volume across solana ETFs reached $30.60 million, while net assets edged up to $957.93 million
Summary
Bitcoin ETFs lost $331.05M as Blackrock IBIT saw a $325.58M outflow on Tuesday. Ether ETFs fell $62.30M, extending a 7-day losing streak led by Blackrock ETHA. Solana and XRP ETFs gained $3.78M and $1.48M as altcoin interest stayed resilient. The retreat from major crypto exchange-traded funds (ETFs) showed little sign of slowing as investors continued pulling capital from bitcoin and ether products at an aggressive pace.