Outflow from Bitcoin Funds, Growth for Ethereum and Solana

American Bitcoin ETF funds recorded a net outflow of over $120 million, marking the second consecutive negative day following Tuesday's $46.6 million. At the same time, funds for Ethereum attracted $34.7 million, while those for Solana garnered $11.2 million. The outflow from Bitcoin funds was concentrated in three investment vehicles: ARKB lost $78 million, GBTC $27.2 million, and IBIT $19.5 million. The only fund with a positive result was MSBT from Morgan Stanley, with $4.5 million. Since the beginning of September, the balance of Bitcoin funds has been approximately $603.2 million in the positive. Ethereum funds attracted the most capital to ETHB from BlackRock ($22.9 million), while all inflows for Solana went to BSOL from Bitwise, increasing the September balance to $14.5 million. The trend indicates a growing interest in alternative cryptocurrencies.

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