Investor Interest Fluctuates: Solana ETF Application Encounters BTC and ETH Outflows

Market flows of the past week present an interesting picture. While positive momentum is observed in Solana ETFs, significant outflows are seen in Bitcoin and Ethereum ETFs. This clearly indicates that investors have different expectations in the crypto market.

Heavy Outflows from Ethereum and Bitcoin

Ethereum ETFs lead the way. Over a seven-day period, a total net outflow of 29,287 ETH was recorded. The value of this amount exceeded $85.96 million. Looking at daily data, there was an outflow of 17,969 ETH; this corresponds to a volume of approximately $52.74 million.

On the Bitcoin ETF side, the situation appears somewhat milder, but significant outflows still occur. The seven-day net outflow remained at 8,778 BTC, with a total value of $768.43 million. According to the single-day data on December 29, an inflow of 3,495 BTC was observed; this represents $305.98 million.

Increasing Demand for Solana

An interesting deviation is seen in market dynamics. Solana ETFs moved in the opposite direction, recording positive inflows. During the same seven-day period, a net inflow of 117,433 SOL was achieved; this amount was valued at $14.56 million. On a daily basis, there was an inflow of 6,401 SOL and a volume of $794,000.

Indicator of Market Sentiment

These differing flow directions indicate a clear divergence in investor preferences. While there are outflows from mainstream crypto assets, increasing demand for alternative projects suggests cautious portfolio rotations. Such dynamics often reflect market participants’ flight from risk and search for new opportunities.