Bitcoin and Solana ETFs see outflows while Ethereum ETFs attract inflows on Oct 5, reversing weekly trends.
On October 5, US spot ETFs for Bitcoin and Solana experienced net outflows, while Ethereum ETFs saw net inflows, a reversal of the weekly trend where Bitcoin led inflows and Ethereum faced outflows. Over the week, Bitcoin ETFs gained $241.09 million, marking their third consecutive positive week and accumulating $57.8 billion since 2024. Ethereum ETFs, however, had $138.02 million in outflows for the week, reducing their year-to-date inflows to about $1.5 billion. Solana and XRP ETFs maintained weekly inflow streaks despite daily fluctuations, while Zcash ETFs recorded their first weekly outflow of $94 million. The data suggests a shift in investor sentiment favoring Bitcoin's market dominance, though Ethereum's inflows could rebound quickly. Continued rotation toward Bitcoin and established assets may increase crypto market volatility soon.
On October 5, US spot ETFs for Bitcoin and Solana experienced net outflows, while Ethereum ETFs saw net inflows, a reversal of the weekly trend where Bitcoin led inflows and Ethereum faced outflows. Over the week, Bitcoin ETFs gained $241.09 million, marking their third consecutive positive week and accumulating $57.8 billion since 2024. Ethereum ETFs, however, had $138.02 million in outflows for the week, reducing their year-to-date inflows to about $1.5 billion. Solana and XRP ETFs maintained weekly inflow streaks despite daily fluctuations, while Zcash ETFs recorded their first weekly outflow of $94 million. The data suggests a shift in investor sentiment favoring Bitcoin's market dominance, though Ethereum's inflows could rebound quickly. Continued rotation toward Bitcoin and established assets may increase crypto market volatility soon.
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