Crypto ETFs see $124.2M in net outflows as Bitcoin, Ethereum, Solana and Zcash bleed
- —Bitcoin ETFs: $89.8M net outflow; IBIT gained $69.9M while FBTC and ARKB bled
- —Ethereum ETFs: $18.9M outflow, fifth straight day, all from Fidelity's FETH
- —Solana ETFs: $9.2M outflow, with BSOL down $7.1M and FSOL down $2.1M
- —Zcash ETFs: $3.6M outflow, fourth consecutive day, though the pace is slowing
Why it matters: The outflows signal weakening institutional demand, though continued inflows into IBIT suggest money is rotating between products rather than leaving the market.
Source: Blockmedia