Bitcoin and Ether spot exchange-traded funds (ETFs) continued to lose capital on Tuesday, with both assets recording their fifth consecutive day of outflows. On the contrary, the Solana funds extended their inflow streak to six days.
According to data from Farside Investors, Bitcoin (BTC) spot ETFs recorded $578 million in net outflows on Tuesday, the steepest single-day drop since mid-October. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC led the withdrawals, while Grayscale’s GBTC recorded another outflow of $48.9 million.
Spot Ether (ETH) ETFs faced similar selling pressure, recording $219 million in net redemptions. Fidelity’s FETH and BlackRock’s ETHA products were the hardest hit, extending a five-day trend that has wiped out nearly $1 billion in capital from Ether-linked ETFs since late October.
In contrast, Solana Spot ETFs (SOL) defied market pessimism and posted net inflows of $14.83 million, its sixth consecutive day of gains. Bitwise’s BSOL and Grayscale’s GSOL added to the positive flow, as institutional traders continue to rotate capital into the newer, more profitable product.
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Institutions reduce risk as macro jitters rise
Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph that the pattern reflects growing macro unease rather than declining confidence in digital assets.
“Straight days of repayments show that institutions are trimming risk as leverage eases and macroeconomic jitters rise,” Liu said. “Until liquidity conditions stabilize, capital turnover will keep the ETF hemorrhaging alive.”
He added that the outflows stem from a broader risk-averse environment driven by a strengthening US dollar and tightening liquidity, not from declining conviction in cryptocurrencies.
Related: Bitcoin Whales Transfer Billions to ETFs Like BlackRock’s IBIT
Solana’s rise is a new flow, a new story: Liu
Liu also stated that Solana’s strength is “in part, a new flow meets a new story, a new ETF with yield appeal that attracts curious capital.” He noted that while others bleed amid the macro chaos, Solana’s “speed, stakes and history keep momentum tilted upward.”
However, Liu cautioned that Solana’s ETF growth remains niche for now. “It is a narrative measure driven by early adopters seeking performance and growth. The broader market is still in risk aversion mode,” he warned.
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