Crypto ETF Flows Show Bitcoin and Ethereum Outflows, Altcoins (non-Bitcoin cryptocurrencies) See Modest Inflows
From June 14 to June 20, Bitcoin, Ethereum, XRP, and Solana posted gains amid positive adoption news, contrasting ETF outflow trends for BTC and ETH with inflows for SOL.
BTC
ETH
SOL
Summary
Between June 14 and June 20, Bitcoin rose 1.6% to $67,225, Ethereum gained 0.7% to $1,958, XRP climbed 4.0% to $1.42, and Solana surged 5.9% to $82.90. Market sentiment was supported by Bitcoin adoption news from Steak’n Shake. This price action contrasts with prior ETF data showing significant BTC and ETH outflows and modest inflows for SOL, suggesting spot market resilience despite institutional product withdrawals.
Terms & Concepts
- ETF: An exchange-traded fund that holds or tracks an underlying asset; crypto ETFs offer exposure to assets like BTC, ETH, or SOL without directly holding the tokens.
- Net outflow: A negative net flow indicating more ETF redemptions than creations over a period, signaling money leaving the fund.