Bitcoin & Solana ETFs Gain While Ethereum Sees Outflows
Bitcoin and Solana ETFs attracted strong inflows on Feb. 2, while Ethereum and XRP saw investor pullback.
- Bitcoin ETFs attracted $561.89M in inflows on Feb. 2
- Solana ETFs saw positive momentum with $5.58M in net inflows
- Ethereum and XRP ETFs experienced net outflows
On February 2, the U.S. spot ETF market showed a clear split in investor interest. While Bitcoin and Solana ETFs saw notable capital inflows, Ethereum and XRP ETFs struggled with net outflows.
Bitcoin (BTC) remained the top performer with a substantial $561.89 million in net inflows, signaling continued investor confidence in the leading cryptocurrency. The robust demand shows that institutional and retail investors still view BTC as a primary asset in the digital space.
Solana (SOL) also maintained positive momentum, gaining $5.58 million in net inflows. This highlights growing interest in Solana’s network and its place in the future of DeFi and Web3 innovation.
Ethereum and XRP ETFs Struggle to Retain Capital
In contrast, Ethereum (ETH) ETFs recorded $2.86 million in net outflows, while XRP ETFs saw a smaller but still negative $404.69K shift. This suggests a cooling investor sentiment or profit-taking behavior for these altcoins—possibly due to market volatility or regulatory uncertainties.
ETH’s outflows are notable given its importance in smart contracts and decentralized applications, but it may face pressure from newer networks offering scalability and lower fees. XRP’s minor outflow indicates stable but cautious investor positioning.
What This Could Mean for the Market
The divergence in ETF flows shows that while Bitcoin continues to dominate, altcoins are facing more selective interest. Solana’s steady rise suggests it could become a favorite among risk-tolerant investors, while Ethereum may need stronger catalysts—like Ethereum 2.0 updates or scaling solutions—to regain ETF inflow momentum.
As regulatory clarity improves and market dynamics shift, ETF flows will remain a key indicator of where institutional money is moving in the crypto space.
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