Bitcoin ETF Outflows Top $500M as ETH, SOL, XRP Gain $500M+
Crypto institutional products saw significant rotation last week as Bitcoin exchange-traded products recorded weekly outflows exceeding $500 million, and over the past month BTC funds have outflowed nearly $946 million, trimming annual net inflows to $29.4 billion amid a hawkish Fed stance and regulatory concerns. In contrast, altcoins attracted robust institutional capital: Ethereum products drew $57.6 million in inflows, raising ETH’s year-to-date total to $14.28 billion, while Solana and XRP secured $421 million and $43.2 million respectively as traders positioned ahead of potential US spot ETF approvals. Overall ETP trading volume surged to $51 billion, nearly double seasonal averages. This rotation highlights growing altcoin demand but signals near-term headwinds for Bitcoin sentiment and price momentum.
Bearish
The sizable weekly Bitcoin ETF outflows and near $1 billion in monthly withdrawals reflect waning institutional confidence, pressured by a hawkish Federal Reserve and regulatory uncertainty. This liquidity shift underscores weakening Bitcoin sentiment, likely to exert downward pressure on BTC prices in the short term. Conversely, altcoin inflows may buoy ETH, SOL and XRP performance, but the predominant narrative remains bearish for Bitcoin, as traders reallocate capital.