Bitcoin and Ethereum ETFs experienced significant redemptions during January 6-9, with a combined outflow of $750M. Bitcoin funds led the decline, pulling out $681M over the period. BlackRock's IBIT took a notable hit, seeing $252M exit on January 9 alone.
Meanwhile, altcoins showed mixed momentum. XRP ETFs defied the trend with $38.1M inflows and hit a record trading volume of $219M. Solana ETFs also attracted capital, gaining $41.1M.
Currently, Bitcoin ETF products hold approximately $117B in total assets. The divergence between BTC outflows and altcoin inflows signals shifting investor sentiment as market dynamics evolve.
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ProposalDetective
· 01-11 17:58
Large funds are fleeing, but small cryptocurrencies are quietly rising? This wave of momentum is interesting.
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RugDocDetective
· 01-11 17:57
Hmm... BTC withdrawals are so fierce, yet XRP is crazily absorbing funds? Isn't this a typical capital rotation? Interesting.
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FantasyGuardian
· 01-11 17:41
Bitcoin is bleeding, small coins are rebounding. This move is quite interesting.
Bitcoin and Ethereum ETFs experienced significant redemptions during January 6-9, with a combined outflow of $750M. Bitcoin funds led the decline, pulling out $681M over the period. BlackRock's IBIT took a notable hit, seeing $252M exit on January 9 alone.
Meanwhile, altcoins showed mixed momentum. XRP ETFs defied the trend with $38.1M inflows and hit a record trading volume of $219M. Solana ETFs also attracted capital, gaining $41.1M.
Currently, Bitcoin ETF products hold approximately $117B in total assets. The divergence between BTC outflows and altcoin inflows signals shifting investor sentiment as market dynamics evolve.