Ethereum, Bitcoin ETFs Witness Outflows as Solana Gains Traction

Investor sentiment toward major cryptocurrencies like Ethereum and Bitcoin is shifting, with outflows observed in their respective exchange-traded funds (ETFs). This trend has been particularly noticeable with the launch of the Solana ETF. Recent data reveals significant outflows for both Bitcoin and Ethereum ETFs, raising concerns among traders. However, the Solana ETF is attracting considerable interest from institutional investors, potentially leading to a shift in focus away from traditional cryptocurrencies like Bitcoin and Ethereum.