Spot Bitcoin ETFs recorded $463M in net outflows last week, ending a three-week inflow streak, while Ethereum and Solana ETFs continued to see inflows.
Macro & Markets ·
During the week of September 7 to 11 (ET), spot Bitcoin ETFs experienced $463 million in net outflows, reversing a three-week period of positive inflows. The reversal marks a shift in investor positioning toward the largest cryptocurrency's exchange-traded products. In contrast, altcoin ETFs showed resilience: Ethereum products attracted $197 million, maintaining momentum through a fourth consecutive week of inflows, while Solana and XRP ETFs logged $10.3 million and $18.9 million respectively.
The divergence between Bitcoin and altcoin flows reflects mixed sentiment across the digital asset class. Bitcoin's outflow break a pattern established over the prior three weeks, suggesting demand may have stalled or profit-taking occurred. Ethereum's sustained inflow streak and smaller but positive movements in Solana and XRP indicate selective interest in alternative tokens even as Bitcoin faced headwinds.
It remains unclear whether Bitcoin's outflow represents a temporary pause or signals a broader shift in institutional or retail positioning. The persistence of inflows into Ethereum and other tokens suggests investors may be rotating capital rather than withdrawing entirely from spot ETF products.