Bitcoin ETFs Net $300M Inflows as Solana and Altcoins Rally
U.S.-listed spot Bitcoin ETFs snapped a two-week outflow streak with nearly $300 million in net inflows, led by Fidelity’s FBTC and Ark 21Shares’ ARKB. This reversal highlights renewed institutional confidence and a ‘buy the dip’ mentality among investors.
European crypto investment products also recorded steady inflows, underscoring divergent regional trends in digital asset demand.
Altcoin funds drew significant capital, with Solana-linked products netting $118 million last week—bringing their nine-week total to $2.1 billion—and smaller but steady inflows seen in HBAR.
On-chain fundamentals remain supportive: Bitcoin’s circulating supply is approaching 19.95 million (95% of its 21 million cap), reinforcing its scarcity narrative. Bitcoin and Ethereum prices rose 1.4% and 2.1% respectively, reflecting bullish market sentiment and potential short-term upside.
Bullish
The $300 million net inflows into Bitcoin ETFs signal strong institutional demand, which typically drives upward price pressure both in the short term—via increased ETF buying—and in the long term—by reinforcing Bitcoin’s scarcity narrative. Combined with robust altcoin inflows into Solana and supportive on-chain fundamentals, this development enhances bullish market sentiment. Traders are likely to view renewed Bitcoin ETF inflows as a clear sign of confidence, prompting further accumulation and sustained price gains.