BTC and ETH ETFs see significant outflows last week, Alan Rogers notes

BTC and ETH ETFs see significant outflows last week, Alan Rogers notes
Crypto ETFs see outflows as Solana activity rises

Alan Rogers reports that the total crypto market capitalization currently stands at $2.271 trillion, with BTC at $62,900 and ETH at $1,770.

ETF flows over the past week saw BTC-related funds experience $526.64 million in outflows, while ETH ETFs saw $13.67 million leave. Meanwhile, SOL and XRP saw positive inflows of $5.75 million and $17.19 million, respectively. Rogers also observes that Solana's on-chain transactions have more than doubled since the start of the year.

Rogers previously reported that Bitcoin, Ethereum, Solana and XRP ETFs all registered net inflows in U.S. markets, with Bitmine adding 20,000 ETH via FalconX last month. He separately noted that Elon Musk's net worth had surpassed Bitcoin's market cap after SpaceX's valuation approached $2.9 trillion as SpaceX neared Microsoft's market cap. The earlier ETF inflows contrast with the recent outflows highlighted in Rogers' latest update.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
Weekly Top Bonuses
up to $2,500
deposit bonus for all clients
CLAIM BONUS
Your capital is at risk.