Solana ETFs Break a 14-Week Inflow Run as Ether Funds Shed $542M
US spot Solana funds posted $24.8 million of weekly outflows, ending a record 14-week inflow run. Ether ETFs lost $542.1 million, their worst week since January.
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Bitcoin ETFs Snap a Nine-Day Run With a $202 Million Outflow
US spot bitcoin funds shed about $202 million on Friday, ending nine sessions of inflows worth $3.04 billion. Ether, XRP and Solana funds kept buying.
Bitwise's Solana ETF Is the First in Its Class Past $1 Billion
The Bitwise Solana Staking ETF passed $1 billion in assets about ten months after listing, though its share price is still around 40% below debut.
Solana Tops $100 as Two Proposals Aim to Cut SOL Emissions
Solana led the majors above $100 on Friday, its highest since January, while two proposals to slow SOL issuance sat in front of validators.
Spot Bitcoin ETFs Close Their Worst Week in Six as Solana Funds Shine
US spot bitcoin ETFs shed $389.7 million in the week to 14 August, their worst in six weeks, while Solana funds added $10.26 million, their best since mid-May.
Bitcoin Prints the Week's High at $65,416 and Stalls
Bitcoin peaked at $65,416 on Sunday and faded to $64,738. Liquidations fell to $68M, futures volume dropped 60% in a day, and Solana was the only major in the green.
Bitcoin Retakes $63,000 for the First Time in Two Weeks
Bitcoin rose 1.4% on July 4 to clear $63,000, a two-week high, with ether up 11.5% and solana 13.2% over seven days in thin holiday trading.
A Weak Payrolls Print Pushes the First Rate Hike to October
June payrolls came in at 57,000 against a 110,000 forecast, moving the first Fed hike out to October. Bitcoin held near $61,600, with solana up 17% on the week.
Why Funds Choose Ethereum and Solana During the Current Correction
Despite the broader market correction, major funds are actively increasing their positions in Ethereum and Solana -- a sign that institutional conviction in Layer-1s remains intact heading into Q2.