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Guavy AI Editorial Team••Sentiment: -2•Clout: 65

Bitcoin ETF Outflows Persist as Solana, XRP Funds Attract Capital

BTCXRPETHSOL

Bitcoin exchange-traded funds (ETFs) continued to see net outflows last week, marking six consecutive weeks of withdrawals. The US-listed Bitcoin ETFs recorded $226.84 million in net outflows, reducing total assets under management to $78.32 billion.

The weakness in Bitcoin and Ethereum funds contrasts with the demand for select altcoin products. Spot Solana ETFs attracted $7.11 million in net inflows last week, while spot XRP ETFs added $10.66 million.

On-chain indicators paint a cautious picture for Bitcoin's broader trend. The CryptoQuant analyst Gaah said the platform's Bitcoin Cycle Momentum indicator remains below its neutral threshold, printing -11.4, historically corresponding with bear-market conditions.