Bitcoin, Ethereum, and Solana exchange-traded funds (ETFs) experienced notable net inflows over the last week, even as the broader cryptocurrency market displayed signs of weakness. This trend indicates that investors are increasing their ETF allocations, suggesting a divergence from recent spot price movements.
In the case of Bitcoin ETFs, there was a substantial net inflow of 11,213 BTC, translating to approximately $734.4 million over a seven-day period. The total holdings across Bitcoin ETFs reached 1,271,675 BTC, valued around $83.29 billion. Although there were mixed flows among different issuers, BlackRock”s IBIT, recognized as the largest spot Bitcoin ETF by assets, experienced daily outflows of $499 BTC but still managed to secure inflows of 7,302 BTC for the week.
Other notable performers included Grayscale”s GBTC and BTC funds, which collectively added 1,732 BTC, alongside Fidelity”s FBTC, which recorded inflows of 523 BTC. Bitwise and ARK 21Shares also reported net positive inflows for the week.
Ethereum ETFs Show Resilience
Ethereum ETFs mirrored the Bitcoin trend, with a weekly net inflow of 36,108 ETH, valued at about $69.69 million. Despite facing negative daily flows of 12,307 ETH, the total holdings for Ethereum ETFs stood at 5,697,268 ETH, which is roughly worth $11 billion. Grayscale”s ETHE and ETH products were the leading contributors, adding 37,145 ETH, while Fidelity”s FETH saw inflows of 18,696 ETH. VanEck”s ETHV reported a slight decline but other issuers managed to remain net positive.
Solana ETFs Attract New Capital
Solana ETFs demonstrated continuous growth, recording inflows of 17,941 SOL in one day, amounting to about $1.49 million, and a significant weekly total of 525,600 SOL, which corresponds to approximately $43.62 million. The overall holdings in Solana ETFs reached 9,415,110 SOL, valued at an estimated $781.45 million. Leading the weekly inflows, Bitwise”s BSOL added 459,480 SOL, followed by Fidelity”s FSOL at 33,537 SOL and VanEck”s VSOL at 10,073 SOL. Other issuers remained stable without significant outflows.
Additionally, XRP ETFs also recorded positive inflows despite a downturn in XRP”s price. According to data from SoSoValue, XRP ETFs saw a weekly net inflow of $9.55 million, with daily inflows reaching $2.21 million. The total net assets across XRP ETFs amounted to nearly $983.18 million, while XRP traded around $1.35.
The contrasting trends between ETF inflows and the spot price movements underscore a sustained interest in regulated cryptocurrency exposure, even amidst short-term price challenges.
