Key Takeaways:
Bitcoin ETFs logged $223 million inflows for an eighth straight day of inflows, led by Blackrock’s IBIT adding $167 million. Ether ETFs saw their first outflow after 10 days, with a $76 million exit. XRP ($3.9 million) and Solana ($7.3 million) gain traction as altcoin ETFs continue to provide a decent alternative to the majors.Fidelity’s FETH led the declines with a $51.30 million exit, followed by Blackrock’s ETHA at $20.95 million and Grayscale’s ETHE at $10.90 million. There were pockets of demand. Grayscale’s Ether Mini Trust brought in $19.76 million, but it was not enough to offset the broader selling. Additional outflows from 21Shares’ TETH at $9.24 million and Bitwise’s ETHW at $3.31 million reinforced the shift in tone.
