Bitcoin's dump yesterday brought price back to an interesting buying level. $BTC is now sitting at a strong support zone, a confluence of the bullish trendline and the 0.618 golden ratio. It's been making consistent higher highs, so this area should mark the next higher low.

No more words, just do it, just earn $BTC $ETH $SOL #加密市场回调 #GUSD双重收益 #Gate广场创作者新春激励

## Institutional Reallocation Signals: Solana ETF Attracts Funds, Bitcoin and Ethereum Face Redemption Pressure The institutionalization process of crypto assets continues to evolve. According to the latest data from on-chain tracking platforms, the performance of ETFs across different crypto assets has shown divergence over the past week—reflecting a reassessment by institutional investors of the market. ## Bitcoin ETF Under Pressure, Net Outflows Exceed $600 Million This Week Data shows that the Bitcoin ETF experienced a net outflow of 309 BTC (approximately $26.9 million) in the past 24 hours, with a seven-day net outflow of 7,015 BTC, equivalent to about $610 million. Despite this, the total market-held Bitcoin ETF positions remain at 1.3 million BTC, with a total value of approximately $113.19 billion, indicating that even amid technical adjustments, institutions maintain high long-term allocations to Bitcoin. Looking at major funds, BlackRock’s iBIT product remains leading, managing 772,000 BTC. Although there was no significant daily fluctuation, it saw a weekly withdrawal of 4,742 BTC. Traditional asset management giants like Grayscale and Fidelity also experienced single-digit percentage adjustments in their Bitcoin products over the week. These changes are more reflective of end-of-year position optimization rather than long-term bearish signals. ## Ethereum ETF Operates Steadily, Capital Flows Become More Cautious Ethereum ETFs showed no significant daily movement on the 26th, but over the past seven days, there was a redemption of 34,679 ETH, worth about $10.06 million. Currently, the total holdings of Ethereum ETFs in the market stand at 6.0799 million ETH, with an asset scale of approximately $17.64 billion. Notably, BlackRock’s Ethereum product, while maintaining the largest position at 3.4865 million ETH, experienced a weekly outflow of 41,400 ETH. Meanwhile, Grayscale’s Ethereum product recorded a weekly net inflow of 13,360 ETH, indicating that some institutions, while adjusting their holdings, are increasing their exposure to this issuer’s product. This "fund transfer" phenomenon suggests that investors are not entirely bearish on Ethereum but are optimizing their asset allocation. ## Solana ETF Becomes a New Highlight, Attracts $20.69 Million in New Funds in a Week In contrast, the Solana ETF has demonstrated a markedly different appeal. While daily flows have been modest, the seven-day net inflow reached 169,556 SOL, equivalent to about $20.69 million—an especially notable increase in the current crypto ETF market. The total holdings of the Solana ETF have reached 7.8138 million SOL, with an asset scale of approximately $953 million. Specifically, among the funds: Bitwise’s BSOL increased holdings by 32,408 SOL; Grayscale’s GSOL recorded a weekly net inflow of 34,185 SOL; Fidelity’s FSOL was the most aggressive—adding 76,872 SOL in a single week, making it the main contributor to Solana’s weekly fund inflow. VanEck’s VSOL also increased its position by 26,092 SOL. The message behind these data points is clear: institutional investors are actively increasing their exposure to the Solana ecosystem, viewing it as an important allocation outside of Bitcoin and Ethereum. ## Divergent Flows Reflect Institutional Strategy Upgrades Essentially, this divergence in flows does not indicate that institutions are "fleeing" crypto assets but rather engaging in tactical position adjustments. Year-end redemptions may stem from risk management, annual settlement needs, or cautious short-term valuation attitudes. Meanwhile, Solana’s continued attraction of funds suggests that institutions have gained new insights into its ecosystem development and application prospects. Looking ahead to the 2026 market trend, such ETF flow data will serve as a key window into institutional sentiment. If Solana continues to maintain stable net inflows, its weight in institutional asset allocation will further increase; conversely, if Bitcoin and Ethereum regain investor attention, it will signal a shift in market sentiment. Regardless of the scenario, crypto asset ETFs, as a bridge linking traditional finance and digital assets, warrant ongoing observation of their flow dynamics.