Money
Bitcoin ETF sees $64.8M in outflows while ETH, SOL, and XRP funds attract fresh capital
— Ai Summary —
Institutional investors are rotating toward altcoins, reshaping the Bitcoin ETF landscape. On June 15, Grayscale's GBTC suffered a $124 million outflow in a single session. Bitcoin spot ETFs posted a net decline of $64.8 million that day, almost entirely due to GBTC. The sector's losses were partially offset by roughly $59 million in inflows to other Bitcoin funds. Altcoin ETFs told a different story, with Ethereum spot inflows of $22.5 million, Solana at $2.7 million, and XRP at $2.8 million. XRP's cumulative inflows have now exceeded $1.4 billion since launch, underscoring its growing institutional appeal.
AI-generated summary • Source: Crypto Briefing • Read the full article for complete information.
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