According to data from SoSoValue, on December 29th, US spot Bitcoin ETFs recorded a total net outflow of $19.29 million, reflecting cautious investor sentiment as the market enters the end-of-year phase. Notably, the Fidelity Bitcoin ETF (FBTC) remained the leading fund in terms of inflows for the day, with a net inflow of $5.70 million, indicating a clear divergence among Bitcoin ETF products.
Conversely, spot Ethereum ETFs continued to face pressure with total net outflows reaching $9.63 million. Meanwhile, some altcoins showed positive signals. Solana spot ETFs recorded a total net inflow of $2.93 million, and XRP spot ETFs attracted $8.44 million. This trend indicates that capital is shifting from Bitcoin and Ethereum to alternative cryptocurrencies with higher risk levels but attractive profit potential.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Cryptocurrency ETF capital flow on 12/29: Bitcoin and Ethereum experience outflows, Solana and XRP attract funds back
According to data from SoSoValue, on December 29th, US spot Bitcoin ETFs recorded a total net outflow of $19.29 million, reflecting cautious investor sentiment as the market enters the end-of-year phase. Notably, the Fidelity Bitcoin ETF (FBTC) remained the leading fund in terms of inflows for the day, with a net inflow of $5.70 million, indicating a clear divergence among Bitcoin ETF products.
Conversely, spot Ethereum ETFs continued to face pressure with total net outflows reaching $9.63 million. Meanwhile, some altcoins showed positive signals. Solana spot ETFs recorded a total net inflow of $2.93 million, and XRP spot ETFs attracted $8.44 million. This trend indicates that capital is shifting from Bitcoin and Ethereum to alternative cryptocurrencies with higher risk levels but attractive profit potential.