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Bitcoin ETFs Close Week With $558 Million Outflow
Bitcoin exchange-traded funds (ETFs) wrapped up the week deep in the red with $558 million in outflows, while ether ETFs shed another $47 million. In contrast, solana ETFs stayed resilient, notching another $13 million inflow to close the week strong.
Solana Keeps Winning Streak Alive as Bitcoin and Ether ETFs Bleed
The week ended on a cautious note for crypto ETFs. After Thursday’s brief rebound, Friday brought fresh redemptions that wiped away the momentum, with both bitcoin and ether funds turning negative once again. Solana, however, refused to join the selloff, marking yet another day of inflows.
Bitcoin ETFs faced a heavy $558.44 million outflow, marking one of the largest single-day redemptions in recent weeks. Fidelity’s FBTC led the retreat with a massive $256.66 million exit, followed by Ark & 21Shares’ ARKB with $144.24 million and Blackrock’s IBIT with $131.43 million.
Additional redemptions came from Grayscale’s GBTC at $15.44 million and Bitwise’s BITB with $10.68 million, sealing the day firmly in the red. Trading volume was robust at $5.04 billion, while net assets held steady at $138.08 billion despite the pullback.
Meanwhile, solana ETFs extended their flawless streak of inflows. Bitwise’s BSOL brought in $11.74 million, while Grayscale’s GSOL added $959,000, bringing total inflows to $12.69 million. The group recorded $46.04 million in trading volume, pushing net assets to $575.93 million.
After a week of volatility, bitcoin and ether ETFs ended on the defensive, but solana’s momentum remained the quiet success story, hinting at growing investor confidence in the blockchain’s rising appeal.
FAQ 📉
Bitcoin ETFs saw $558 million in outflows, led by heavy redemptions from Fidelity, Ark, and BlackRock.