Ether ETFs have seen outflows for 9 consecutive days. Meanwhile, the 14-week inflow streak for $SOL also came to an end.
Ether ETFs have just recorded a 9-day outflow streak, totaling around $542 million, according to ETF flow trackers. At the same time, ETF $SOL ended its 14-week inflow streak for the first time—the longest ever recorded for an altcoin ETF—with about $24.8 million flowing out over the week.
Multiple independent ETF flow trackers have confirmed that both streaks ended at nearly the same time.
ETF flows are still seen as a barometer of long-term institutional confidence, so the end of a long streak is always more noteworthy than an isolated down day.
Coincidentally, $SOL is up 2.7% over the past 24 hours, recovering to around $112 after falling below $106 a few days ago. ETF flows and token prices don't always move in the same direction.
Worth watching this week: will the next ETF flow report show continued outflows, or was this just a week of profit-taking before flows turn positive again?
Personal observation, not investment advice
#EtherETFsExtendOutflowsToNineDays #TheoDõiFOMC #SOL
Ether ETFs have just recorded a 9-day outflow streak, totaling around $542 million, according to ETF flow trackers. At the same time, ETF $SOL ended its 14-week inflow streak for the first time—the longest ever recorded for an altcoin ETF—with about $24.8 million flowing out over the week.
Multiple independent ETF flow trackers have confirmed that both streaks ended at nearly the same time.
ETF flows are still seen as a barometer of long-term institutional confidence, so the end of a long streak is always more noteworthy than an isolated down day.
Coincidentally, $SOL is up 2.7% over the past 24 hours, recovering to around $112 after falling below $106 a few days ago. ETF flows and token prices don't always move in the same direction.
Worth watching this week: will the next ETF flow report show continued outflows, or was this just a week of profit-taking before flows turn positive again?
Personal observation, not investment advice
#EtherETFsExtendOutflowsToNineDays #TheoDõiFOMC #SOL