Bitcoin ETFs See $75M Inflow as Solana Surges
U.S. spot Bitcoin ETFs gained $75.47M on Nov. 19, led by BlackRock. Solana funds saw strong inflows, while Ethereum ETFs continued outflows.
- Spot Bitcoin ETFs saw a $75.47M net inflow on Nov. 19.
- BlackRock’s IBIT contributed $60.61M of the total.
- Ethereum ETFs extended redemptions, while Solana gained $55.61M.
On November 19, U.S. spot Bitcoin ETFs recorded a significant net inflow of $75.47 million, according to data from SoSoValue. This marks a continued resurgence of investor interest in Bitcoin-backed investment vehicles.
The clear leader of the day was BlackRock’s iShares Bitcoin Trust (IBIT), which alone attracted $60.61 million in inflows. This robust activity suggests that institutional and retail investors alike are regaining confidence in Bitcoin ETF products, possibly spurred by recent price movements or growing anticipation around future market approvals.
Ethereum ETFs Still Facing Redemptions
In contrast to Bitcoin’s gains, spot Ethereum ETFs struggled once again, recording a net outflow of $37.35 million. This marks the seventh consecutive day of redemptions for Ethereum-based funds.
The continued exits raise questions about investor sentiment around Ethereum, possibly due to recent network activity concerns or the lack of clarity around future ETF approvals. The downturn contrasts sharply with the optimism surrounding both Bitcoin and emerging altcoins like Solana.
Solana ETFs Show Rising Interest
While Ethereum ETFs faced headwinds, U.S. spot Solana ETFs experienced a notable net inflow of $55.61 million. This surge points to rising confidence in Solana’s ecosystem, likely driven by recent technological improvements and increasing developer activity on its network.
Solana’s growing presence in the ETF market signals a diversification trend among crypto investors, who are looking beyond Bitcoin and Ethereum for opportunities in newer blockchain networks.
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