Spot ETF BTC, ETH, SOL reversed net absorption week 11/28

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Bitcoin, Ethereum, Solana spot ETFs reversed to net inflows in the week ending November 28: +70.05 million USD (BTC), +313 million USD (ETH), +108 million USD (SOL).

Fidelity funds led Capital across all three groups, according to SoSoValue data; BlackRock's ETHA and BSOL also posted standout performances.

MAIN CONTENT
  • Week ending November 28: BTC +70.05 million USD; ETH +313 million USD; SOL +108 million USD.
  • Fidelity leads Capital in all three spot ETF groups.
  • BlackRock: ETHA and BSOL stand out.

ETF Capital flows week ending November 28

SoSoValue: BTC, ETH, SOL spot ETFs all had net inflows, respectively 70.05 million USD, 313 million USD, 108 million USD; reversing from net withdrawal.

ETH inflows were the largest this week, followed by SOL and BTC. The move showed a simultaneous reversal of the three large - cap assets in the crypto ecosystem, with significant numbers in each spot ETF category in the week ending November 28.

ETH 's net withdrawal exceeded BTC by $242.95 million and SOL by $205 million. This difference highlights the concentrated buying pressure on ETH ETFs during the week, but both BTC and SOL also recorded an improvement compared to the previous net withdrawal status.

Capital flow organization

Fidelity is the main Capital attractor in both BTC, ETH, SOL; BlackRock has two prominent codes ETHA and BSOL.

Capital flows focused on funds issued by Fidelity across all three asset classes. At the same time, two BlackRock products, ETHA and BSOL, recorded remarkable performance, contributing to the net absorption trend of spot ETFs during the observed week.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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