This week, crypto exchange-traded funds (ETFs) showed resilience despite a late-week chill in the market. Bitcoin ETFs were the clear winners, with Bitcoin pulling in $568 million in net inflows and BlackRock’s iShares Bitcoin Trust leading the charge.
While some Bitcoin ETFs fared better than others, the overall sentiment was one of selectivity. Funds like Fidelity’s Wise Origin Bitcoin Fund experienced heavy selling pressure late in the week, resulting in outflows of about -$153 million.
On the other hand, Grayscale’s Bitcoin Mini Trust added $46 million, Franklin Templeton’s Franklin Bitcoin ETF gained $22 million, and WisdomTree’s WisdomTree Bitcoin Fund brought in $16 million. These gains were mostly offset by outflows from other funds.
Ether ETFs saw a quieter week with a total net inflow of $23.56 million. BlackRock’s iShares Ethereum Trust ETF was the standout performer, pulling in $133 million.
In contrast, Solana funds quietly accumulated capital, recording $24.05 million in weekly inflows, mostly driven by Bitwise’s Bitwise Solana Staking ETF. Meanwhile, XRP ETFs faced a rough patch, with combined selling pressure resulting in $4.08 million in net outflows from multiple funds.
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Source: https://www.tipranks.com/news/crypto-etf-update-bitcoin-etfs-smash-inflows-as-ethereum-solana-etfs-hold-steady