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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InSpot Bitcoin and Ethereum ETFs continue to face significant institutional outflows, maintaining downward pressure on major digital assets. Bitcoin ETFs recorded withdrawals of $133.3 million, while Ethereum funds saw $41.8 million in outflows, led by BlackRock’s IBIT and Fidelity’s FBTC. In a notable divergence, Solana ETFs bucked the broader market trend by recording $2.40 million in fresh inflows. However, XRP ETFs joined the sell-off, posting $2.21 million in outflows during the same period. This mixed performance highlights a shifting landscape where investors are selectively rotating capital despite a general cooling in institutional sentiment. Market analysts suggest that the modest interest in Solana, even as Bitcoin struggles near the $67,000 mark, indicates a niche appetite for specific altcoins.