Net Capital from Bitcoin and Ethereum ETFs on December 29th amounted to 3,495 BTC and 17,969 ETH respectively; while the Solana ETF recorded net Capital of 6,401 SOL .
Statistical data shows a 7-day Capital trend in Bitcoin and Ethereum ETFs, primarily led by BlackRock and Grayscale, contrasting with increased buying in the Solana ETF and a strong increase in holdings from Fidelity.
- Bitcoin ETFs saw net outflows of 3,495 BTC (approximately $306 million) on December 29th.
- Ethereum ETFs saw net outflows of 17,969 ETH (approximately $52.74 million) during the day.
- The Solana ETF saw net inflows of 6,401 SOL (approximately $794,000); Fidelity gained over 65,000 SOL per week.
Bitcoin & Ethereum ETF Capital : strong net outflows
On December 29th, Bitcoin ETFs saw net outflows of 3,495 BTC (~$306 million) and Ethereum ETFs saw net outflows of 17,969 ETH (~$52.74 million).
Over the past 7 days, the cumulative net outflows from Bitcoin ETFs reached 8,778 BTC (~$768 million). For Ethereum ETFs, the cumulative net outflows reached 29,287 ETH (~$85.96 million). These figures reflect the short-term pressure of capital flowing out of these two major cryptocurrency ETF groups.
The main driving force behind this movement comes from BlackRock and Grayscale, two institutions that play a significant Vai in ETF Capital flow fluctuations. This development suggests that investors are restructuring their positions, with net Capital concentrated in large-scale funds.
The Solana ETF bucked the trend, attracting Capital and increasing holdings.
Contrary to market trends, the Solana ETF made net inflows of 6,401 SOL (~$794,000) on December 29th.
Over the past 7 days, the Solana ETF recorded a cumulative net inflow of 117,433 SOL (~$14.56 million). This is a rare bright spot as other cryptocurrency ETFs simultaneously faced Capital pressure, indicating that demand for SOL remains strong.
Fidelity increased its holdings by more than 65,000 SOL in just one week, reinforcing the trend of money flows toward Solana. This increase underscores the role of large institutions in differentiating SOL from other Bitcoin/Ethereum ETFs during the same period.
