KuCoin Data Shows Net Outflows in Bitcoin, Ethereum, Solana Spot ETFs

Investors' sentiment regarding spot exchange-traded funds (ETFs) in the cryptocurrency market has undergone a shift in recent times. The latest data from KuCoin reveals that spot ETFs tracking Bitcoin ($BTC), Ethereum ($ETH), and Solana ($SOL) witnessed net outflows in the last week.

According to the statistics, these assets experienced a decline in investor interest, reflected by the total fund outflow amounts: $1.72 billion for BTC, $168.22 million for ETH, and $6.52 million for SOL.

In stark contrast, spot ETFs tracking XRP and HYPE saw net inflows of $2.62M and $16.65M respectively.