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Capital flows out of US cryptocurrency ETFs: Bitcoin is bleeding, Ethereum is declining, what about Solana?
This week has seen a rather bleak picture in the US spot ETF market, as investors rush to withdraw funds from leading funds. Bitcoin was hit hardest, with a loss of up to $589 million, while Ethereum also experienced a downturn, losing $80.3 million during the same period.
Disagreement in the ETF Market
Interestingly, amid the overall market fatigue, especially after a crazy season for meme coins, Solana has shown a relatively different performance compared to the overall trend. While Bitcoin and Ethereum face pressure from large outflows, Solana exhibits positive signals, reflecting a difference in investor sentiment towards these assets.
This picture clearly reflects the polarization in the market: those who are optimistic will withdraw everything elsewhere, while widespread frustration causes many investors to retreat from familiar positions.