Bitcoin and Solana ETFs See Outflows Amid Market Dip

US spot Bitcoin (BTC) ETFs recorded $228 million in net outflows on Thursday, interrupting a three-day streak of inflows totaling about $1.1 billion, coinciding with BTC's price falling below $71,000. Despite this, weekly inflows remained positive at $917.3 million, though year-to-date net outflows have risen to approximately $900 million. BlackRock’s IBIT led the outflows with $89 million. Analysts suggest Bitcoin's recent rally above $73,000 was merely a relief rally, not the start of a new bull phase, with some forecasts suggesting a potential drop below $60,000. Altcoin ETFs also saw negative sentiment, with Ether funds losing $91 million, and minor outflows hitting XRP ($6 million) and Solana ($5 million). Notably, the Solana ETF outflows were the first since early February, although Solana ETFs have accumulated $1.5 billion in cumulative inflows since their launch despite SOL's price dropping 57%.

(Source：Cointelegraph)