Capital flow into Bitcoin and Ethereum ETFs has begun to adjust again after weeks of sustained redemptions. New data shows that both asset classes recorded their first positive net inflow week since October, and this could be an early sign that institutional appetite may be stabilizing after a difficult month for leading cryptocurrencies and their ETF products.
On the other hand, flow data is shown Which was launched recently Solana and XRP ETF products continue to attract consistent institutional capital.
Bitcoin and Ethereum ETFs Break Outflow Line
Bitcoin ETFs Softly reverse them The contraction continued for a month with nearly $70 million in net inflows during the last week of November. according to Data from SoSoValueThis is the first positive flow week since late October, bringing an end to four weeks A series of redemptions that It eliminated about $4.35 billion worth of outflows from those funds.
Notably, most of the week just ended was defined by lower activity in Bitcoin ETFs, but inflows of $71.37 million on November 28 were enough to make the week a positive close.
The return of net positive flows, even on a moderate scale, suggests that some institutional desks may be rebuilding exposure to Bitcoin.
Total Net Bitcoin Spot Flow to ETFs. Source: Soso Value
Ethereum has seen a more pronounced change in flow numbers. Net inflows into Spot Ethereum ETFs rose to about $312.62 million in the week just ended, ending a three-week period of redemptions that drained more than $1.74 billion from issuers.
The size of Ethereum’s recovery stands out given the price of the leading altcoin Under more intense pressure of Bitcoin throughout most of November. The new inflows indicate a noticeable change in sentiment, especially among institutions that had previously halted ETH accumulation.
Total Ethereum Spot ETF Net Flow. Source: Soso Value
Solana and XRP ETFs maintain positive performance
Even as Bitcoin and Ethereum suffered through weeks of outflows, the newly introduced Solana and XRP ETFs never lost momentum. Spot Solana ETFs They are now on A five-week streaming streak, with another $108.34 million Streaming last week.
Interestingly, Spot Solana ETFs saw $8.1 million in outflows on Wednesday to end a 21-day streak of inflows, but that was not enough to cause a net week of outflows.
Spot XRP ETFs, Although it was launched recentlyhas followed a similar path. They have now been in flux for three weeks, with another $243.95 million added last week, the highest weekly inflow yet.
Another Spot XRP investment fund is The live broadcast is scheduled to begin soon, 21Shares recently confirmed that its US Spot XRP ETF has received SEC approval and will begin trading on Monday, December 1. This is based on the growing desire of investors looking for more exposure to cryptocurrencies outside of Bitcoin and Ethereum.
Featured image from Unsplash, chart from TradingView
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