Bitcoin & Ethereum Spot ETFs See Heavy Outflows

Source: Coinomedia Original Title: Bitcoin & Ethereum Spot ETFs See Heavy Outflows Original Link: https://coinomedia.com/spot-etf-outflows-2/ The crypto ETF market faced a challenging day on December 16 (ET), as both Bitcoin and Ethereum spot ETFs experienced significant net outflows. Bitcoin spot ETFs led the losses with a net outflow of $277 million, signaling a cautious shift among investors. Among the major funds, Fidelity’s FBTC stood out as the only one to record a net inflow, suggesting a degree of investor confidence in Fidelity’s product despite the broader market selloff.

Ethereum didn’t fare much better. Spot ETFs tracking Ethereum saw a total net outflow of $224 million, marking the fourth consecutive day of negative flows. This continued pressure could be tied to ongoing regulatory uncertainty or simply profit-taking after recent gains.

Solana Spot ETFs Defy the Trend

While Bitcoin and Ethereum saw capital flight, Solana was a rare bright spot. Its spot ETFs registered a net inflow of $3.64 million, a modest but notable figure considering the negative trend in larger crypto ETFs.

Solana’s recent positive momentum and growing DeFi activity may be fueling investor interest. As traditional players begin to explore altcoins beyond Bitcoin and Ethereum, Solana could benefit from its efficient blockchain and expanding ecosystem.

Investor Sentiment Remains Mixed

Overall, the ETF flow data reflects a mixed sentiment in the crypto market. While some investors are retreating from major assets, others appear to be rotating capital into newer opportunities like Solana. The coming days will be crucial in understanding whether this is a temporary shift or part of a larger trend in digital asset investing.