$519M pulled from crypto ETFs in a day: BTC and ETH fall, SOL gains
- —BTC ETFs: $295.9 million outflow, $746.3 million over two days
- —IBIT lost $144.1 million, ARKB $84.4 million, FBTC $52.7 million
- —ETH ETFs: $224.1 million outflow, ETHA $110 million, FETH $55.6 million
- —SOL ETFs: $0.8 million inflow, BSOL +$2.7 million, GSOL -$1.9 million
Why it matters: A second wave of outflows from BTC and ETH ETFs signals weak institutional demand after the failure of the CLARITY Act and a hawkish FOMC.
Source: Blockmedia