On December 1st, the spot ETF market recorded mixed developments among major digital assets. Spot Bitcoin ETFs continued to attract capital inflows with a total value of 8.48 million USD, marking four consecutive sessions of net inflows, indicating that investor sentiment towards BTC remains relatively positive despite short term fluctuations.
In contrast to Bitcoin, the Ethereum spot ETF recorded net outflows of up to 79.06 million USD, ending a five-day streak of inflows prior, reflecting increasing profit-taking pressure on ETH. Meanwhile, the XRP spot ETF stood out with net inflows of 89.65 million USD, demonstrating strong interest from institutional investors. Conversely, the Solana spot ETF faced net outflows of 13.55 million USD, indicating that cautious sentiment continues to overshadow SOL. If you want, I can rewrite it in a more in-depth market analysis style.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Contrasting cash flow at ETF funds: BTC, XRP hold the capital inflow, ETH and SOL face net outflows.
On December 1st, the spot ETF market recorded mixed developments among major digital assets. Spot Bitcoin ETFs continued to attract capital inflows with a total value of 8.48 million USD, marking four consecutive sessions of net inflows, indicating that investor sentiment towards BTC remains relatively positive despite short term fluctuations.
In contrast to Bitcoin, the Ethereum spot ETF recorded net outflows of up to 79.06 million USD, ending a five-day streak of inflows prior, reflecting increasing profit-taking pressure on ETH. Meanwhile, the XRP spot ETF stood out with net inflows of 89.65 million USD, demonstrating strong interest from institutional investors. Conversely, the Solana spot ETF faced net outflows of 13.55 million USD, indicating that cautious sentiment continues to overshadow SOL. If you want, I can rewrite it in a more in-depth market analysis style.