Mixed Flows in U.S. Crypto ETFs This Week

U.S. spot cryptocurrency exchange-traded funds experienced mixed flows this week, with Solana products recording their first net outflows since launch amid broader market caution, while Ethereum saw recent daily gains despite monthly losses and Bitcoin posted modest inflows after a downturn.

On Wednesday, Solana ETFs tallied 8.1 million dollars in net outflows, ending a 21-day streak of positive sessions that began earlier this month. The pullback was driven by more than 34 million dollars exiting the 21Shares Solana ETF, known as TSOL, which has now seen 26 million dollars in total net outflows since inception. Its assets under management fell to 86 million dollars. Offsetting some of the decline, the Bitwise Solana Staking ETF, or BSOL, attracted 13.33 million dollars in inflows, raising its cumulative total to 527.79 million dollars. Grayscale's Solana Trust added 10.42 million dollars, and Fidelity's FSOL fund gained 2.51 million dollars. Overall, Solana ETFs hold about 6.83 million SOL tokens, valued at roughly 964 million dollars, with net assets across products reaching 917.99 million dollars. For the week, they still posted a net addition of 103 million dollars, and...