All three major crypto ETF categories recorded net outflows on April 28. Bitcoin ETFs shed 2,663 BTC ($202.4M) on the day, though the seven-day picture remains positive at +3,725 BTC (+$283.2M). Ethereum ETFs had a rougher session — down 27,316 ETH ($62.2M) for the day and still negative on the week at -20,683 ETH (-$47.1M).
Solana ETFs also saw daily redemptions of 14,488 SOL (-$1.2M), though the weekly window stays in the green at +88,231 SOL (+$7.4M). The divergence between BTC's weekly strength and ETH's sustained weekly outflows is the clearest signal in today's data — institutional appetite is not uniform across the majors.
Frequently asked questions
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What trends are indicated by the weekly performance of BTC, ETH, and SOL ETFs?
While Bitcoin ETFs are experiencing a positive weekly performance with a gain of 3,725 BTC, Ethereum ETFs are seeing significant outflows, down 20,683 ETH for the week. Solana ETFs, however, remain positive with an increase of 88,231 SOL.
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What does the divergence in ETF outflows suggest about institutional interest?
The divergence between Bitcoin's weekly strength and Ethereum's sustained outflows indicates that institutional appetite for these cryptocurrencies is not uniform, with Bitcoin attracting more interest compared to Ethereum.
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