Bitcoin News Update: Investors Shift Funds to Alternative Coins While BTC and ETH ETFs Decline
- Bitcoin and Ethereum ETFs face $2.9B outflows in November, while Solana and XRP ETFs attract $289.8M inflows, reflecting shifting investor priorities. - Canary Capital's XRPC ETF set a $59M first-day trading record, closing with $250M AUM, driven by demand for diversified crypto exposure. - Analysts cite Fed policy uncertainty, leveraged position liquidations, and weakening BTC-gold correlation as key drivers of Bitcoin ETF outflows. - Investors increasingly favor altcoins with tangible utility, such as
In recent weeks,
At the same time,
Conversely, Solana and XRP have
This divergence in fund flows points to a broader change in market sentiment. While BTC and ETH still serve as core assets, their dominance is being tested by projects that deliver real-world utility and scalability. McClurg noted that Canary's emphasis on "settlement of real-world assets and staking incentives" is in line with long-term adoption trends
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