Crypto ETFs Bleed Billions, Solana Stands Strong
Bitcoin, Ethereum, and XRP ETFs saw major outflows, while Solana recorded a rare inflow on January 20.
- Bitcoin ETFs lost $483 million in one day
- Ethereum and XRP also faced significant outflows
- Solana ETFs bucked the trend with $3.08 million inflow
January 20 brought a wave of red for the crypto ETF market, with major tokens like Bitcoin, Ethereum, and XRP experiencing massive capital outflows. According to SoSoValue data, spot ETFs tracking these top assets lost hundreds of millions in net value, raising concerns among investors and signaling a possible cooling in market sentiment.
Bitcoin spot ETFs suffered the most, bleeding a staggering $483 million in a single day. This is one of the largest daily outflows since their launch, hinting at increased profit-taking or waning investor confidence following the recent hype around ETF approvals.
Ethereum didn’t fare much better. With $230 million in outflows, its spot ETFs showed a significant retreat, possibly impacted by delayed regulatory momentum or broader market pullbacks.
XRP Joins the Outflow Trend
XRP spot ETFs recorded a $53.32 million net outflow on the same day, further contributing to the broader negative trend. Despite recent positive legal developments for Ripple, the outflow suggests that investors may still be cautious or reallocating funds to other assets.
The synchronized withdrawals from these major ETFs could reflect macroeconomic uncertainty or investors simply cashing out after the strong rally earlier this month. Either way, it has put pressure on crypto prices and market sentiment alike.
Solana Defies the Odds
In contrast, Solana ETFs showed resilience, recording a net inflow of $3.08 million. While the figure is modest compared to the outflows of other tokens, it stands out as a rare positive signal. Solana has seen growing interest from developers and institutions alike due to its scalability and recent performance.
This inflow could indicate a shift in investor focus toward alternative Layer 1 solutions, especially as Solana continues to build momentum with its ecosystem expansion and faster transaction capabilities.
Read Also :
- Aave Nears $1 Trillion in Total Loans
- Extreme Fear Hits as Crypto Index Drops to 24
- Crypto ETFs Bleed Billions, Solana Stands Strong
- Ancient Bitcoin Whale Moves $84.5M After 13 Years
- Bitcoin Whale Selling Pressure Drops Significantly
