ETF Activity Highlights Shifting Investor Sentiment in US Cryptocurrency Market

According to monitoring data provided by Lookonchain, the US Bitcoin ETF has seen a notable net outflow of 2,022 BTC on May 8. This significant withdrawal is valued at approximately $161.53 million and represents a reversal from the previous seven days, during which there was a net inflow of 18,496 BTC worth around $1.48 billion.

The Ethereum ETF has also experienced a substantial net outflow of 34,349 ETH on May 8, equating to a value of $7.835 million. Conversely, over the past seven days, there was a net inflow of 73,153 ETH worth around $166.86 million.

In stark contrast to the Bitcoin and Ethereum ETFs, the Solana ETF has recorded a notable net inflow of 76,912 SOL on May 8, with a total value of $6.85 million. Additionally, over the past seven days, there was an even more substantial net inflow of 368,912 SOL worth approximately $32.83 million.