U.S. spot $SOL ETFs have now seen net outflows for five consecutive trading days. On October 30, they recorded $10.74 million in outflows, most of it from Bitwise’s BSOL, which saw $9.26 million leave. Spot ETFs for $XRP, $LINK, and ZEC also had net outflows that day, while most other altcoin ETFs were largely inactive.
The amount itself isn’t that large: cumulative net inflows into SOL ETFs still stand at $1.47 billion. But five consecutive days of outflows suggest institutional appetite for altcoins has been fairly subdued this week, in line with broader market sentiment.
I’ll first watch for outflows to stop before considering what to do with $SOL.
Source: TokenPost, SoSoValue
#SOL
The amount itself isn’t that large: cumulative net inflows into SOL ETFs still stand at $1.47 billion. But five consecutive days of outflows suggest institutional appetite for altcoins has been fairly subdued this week, in line with broader market sentiment.
I’ll first watch for outflows to stop before considering what to do with $SOL.
Source: TokenPost, SoSoValue
#SOL