Spot cryptocurrency exchange-traded funds (ETFs) are experiencing strong investor interest. This week saw a surge in net inflows across the board, with Ethereum driving the strongest performance once again. For the fourth consecutive day, Ethereum spot ETFs saw a total net inflow exceeding $60.82 million. This trend suggests growing institutional demand and bullish price expectations for ETH.
While Bitcoin saw a more moderate performance overall, with its spot ETF inflows totaling around $21.12 million, notable outflows were observed from Fidelity’s Bitcoin ETF, FBTC. Despite this, total positive inflows suggest continued institutional interest in BTC. XRP ETFs also attracted investor attention, recording net inflows of $21.81 million. This indicates growing confidence in the asset.
On Solana, the opposite trend emerged; the spot ETFs experienced a net outflow of $8.1 million. This could point to short-term profit taking or market uncertainty regarding SOL.
Overall, today’s ETF performance highlights diverse investor behavior and suggests ongoing trends within the crypto market.