On September 29, US spot Bitcoin ETFs recorded $66.19 million in net inflows, led by BlackRock. Ethereum ETFs posted $2.81 million in net outflows on the same day, while Solana ETFs attracted $5.44 million in inflows.
What it moves
Bull vs bear
Bulls see the strong BTC inflows as continued institutional conviction in Bitcoin as the primary store of value, with Solana also drawing fresh capital. Bears view the simultaneous Ethereum outflows as fading interest in ETH’s narrative, highlighting capital rotation away from the second-largest asset toward BTC and high-beta alternatives.