Bitcoin ETFs Reclaim Momentum as Solana ETFs Outshine Ether

Bitcoin ETFs resumed their upward momentum with fresh inflows, while ether ETFs fell back into outflows. Solana funds, meanwhile, delivered another strong day, driven by broad-based inflows across all major issuers.

Ether Slips, Solana Surges, and Bitcoin Extends Inflow Streak

The crypto exchange-traded fund (ETF) market closed Tuesday, Dec. 2, with a split narrative, one where bitcoin climbed steadily, ether stumbled, and solana continued its remarkable streak with conviction. The day’s flows painted a picture of shifting investor preference, marked by decisive bids for BTC and SOL exposure.

Bitcoin ETFs returned confidently to the green with a $58.5 million net inflow. Blackrock’s IBIT dominated the day, pulling in a hefty $120.14 million, reaffirming its role as the bellwether of institutional bitcoin flows. Fidelity’s FBTC added $21.85 million, and Bitwise’s BITB contributed another $7.44 million.

The gains were tempered by a sharp $90.94 million outflow from ARK & 21Shares’ ARKB, but not enough to derail the category’s upward trajectory. Trading volumes hit $5.26 billion, and total net assets rose to $119.59 billion, signaling renewed conviction in BTC exposure.

Five days of consecutive inflows for bitcoin ETFs. Ether ETFs struggled to find their footing, closing with a $9.92 million net outflow. Two funds stood firmly in positive territory, Fidelity’s FETH with $50.65 million in inflows and Grayscale’s Ether Mini Trust with $28.11 million.

Yet the narrative shifted dramatically due to a substantial $88.68 million withdrawal from Blackrock’s ETHA. Despite the setback, trading remained active at $1.65 billion, and category net assets rose slightly to $18.66 billion, showing that investor engagement remains high even amid uneven flows.

Read more: Bitcoin ETFs Begin December With Modest Gains as Ether and Solana Slide

Solana ETFs delivered one of their strongest days yet, posting a $45.77 million total inflow. Bitwise’s BSOL led with $29.45 million, followed by Fidelity’s FSOL at $6.92 million and Grayscale’s GSOL at $6.28 million.

Additional contributions came from Vaneck’s VSOL with $2.71 million and 21Shares’ TSOL with $418.5K, locking in a uniform day of inflows across all issuers. Trading activity reached $56.71 million, and net assets climbed to $929.70 million, reinforcing solana’s status as the day’s standout performer.

FAQ📈

• Why did bitcoin ETFs see strong inflows today?
  BTC funds added $58.5 million as IBIT and FBTC drove renewed institutional demand.
• What pushed ether ETFs back into outflows?
  A large $88.68 million exit from ETHA outweighed inflows into FETH and Grayscale’s Mini Trust.
• How did solana ETFs perform compared to other assets?
  Solana posted a uniform $45.77 million inflow across all issuers, making it the day’s strongest segment.
• What does today’s flow pattern say about investor sentiment?
  Markets showed a clear preference for BTC and SOL exposure while staying cautious toward ETH.