Spot Solana ETFs Gain, Bitcoin and Ether Funds See Outflows

Solana (SOL) spot ETFs continued their winning streak for the sixth day, attracting fresh capital even as Bitcoin (BTC) and Ether (ETH) funds saw substantial withdrawals. According to Farside Investors, Bitcoin spot ETFs recorded $578 million in outflows on Tuesday alone, marking the largest single-day decline since mid-October. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC led the withdrawals.

Ether ETFs faced similar pressure, posting $219 million in net outflows. Fidelity’s FETH and BlackRock’s ETHA products were the hardest hit, extending a five-day trend that has pulled nearly $1 billion from Ether-linked ETFs since late October. Meanwhile, Solana spot ETFs saw $14.83 million in net inflows, their sixth consecutive day of gains, benefiting funds such as Bitwise’s BSOL and Grayscale’s GSOL.

CZ Pardon and White House Statement

White House Press Secretary Karoline Leavitt stated that the pardon of Binance CEO Changpeng Zhao was reviewed with “utmost seriousness” and followed standard procedures before President Trump approved it. “Every pardon request is first reviewed by qualified lawyers before reaching the President for final approval,” Leavitt said.

In a 60 Minutes interview, Trump noted that he does not personally know Zhao. Zhao had pleaded guilty to failing to maintain an effective Anti–Money Laundering program under the U.S. Bank Secrecy Act and served four months in prison before being pardoned on October 23.

Binance CEO Denies Trump Family Stablecoin Allegations

Richard Teng, CEO of Binance, denied that the exchange played a role in the selection of USD1, the stablecoin issued by the Trump family’s World Liberty Financial, in a $2 billion deal. “The decision to use USD1 was entirely made by MGX; Binance did not participate,” Teng told CNBC.

The deal was initially announced in March, but scrutiny increased after Trump’s pardon of Zhao. Teng emphasized that Binance acted independently of political or corporate influence.

Current Market and Data Highlights

• U.S. ADP Non-Farm Employment: 42K (Forecast: 30K, Previous: -32K)

• BlackRock transferred 34,777 ETH ($115M) to Coinbase Prime

• Orderly protocol began $ORDER token buybacks using 60% of protocol fees

These developments show ongoing shifts in institutional investor behavior and ETF trends. Continuous inflows into Solana spot ETFs indicate that investors are seeking new opportunities rather than exiting the market.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube and Twitter for the latest news and updates

The post Solana ETFs Rise as Bitcoin and Ether Funds See Outflows appeared first on Coin Engineer.

Global crypto investment products are managed by major asset managers including BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares. These products saw a record weekly trading volume of $53 billion, while daily turnover reached $15.3 billion.

U.S. and European Funds Lead Inflows

U.S.-based digital asset products generated a net inflow of $3.01 billion, maintaining their dominance. Swiss and German funds also performed well, with $132 million and $53.5 million in inflows respectively. Meanwhile, products in Sweden, Brazil, and Hong Kong experienced outflows.

Bitcoin-based funds led weekly inflows with $2.67 billion, bringing year-to-date inflows to a record $30.2 billion. During Friday’s price correction, daily trading volumes hit $10.4 billion, but inflows were only $0.39 million.

Ethereum products saw a weekly gain of $338.3 million, taking year-to-date inflows to approximately $14 billion. However, Friday recorded a $172 million outflow, marking the largest among all digital assets, indicating investors viewed Ethereum as the most vulnerable asset during the correction. U.S. spot Ethereum ETFs generated $488.2 million in weekly gains but lost $174.9 million on Friday.

Upcoming ETF Launches and Market Outlook

Anticipation is rising for upcoming U.S. SOL and XRP ETF launches. However, current ETPs saw inflows of $93.3 million and $61.6 million respectively, reflecting a cautious investor approach.

CoinShares data highlights continued high liquidity and institutional interest in digital assets. Despite the historic liquidation event, sustained net inflows into crypto investment products suggest growing confidence in the market.

Key Weekly Highlights:

• Cryptocurrency investment products: $3.17B inflow

• Year-to-date: $48.7B inflow

• Bitcoin funds: $2.67B inflow

• Ethereum products: $338.3M inflow

• Daily trading volume: $15.3B

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

The post Historic Crypto Crash? Investors Still Pour $3.17B Inflows appeared first on Coin Engineer.

Bitcoin Funds at the Top!

Bitcoin funds ended the week as leaders with $3.5 billion in investments. This level was recorded as the highest figure ever for Bitcoin funds. Market observers say this reflects increased institutional interest following the halving period and US-based ETF flows. However, some analysts believe short-term corrections may occur. Nevertheless, the overall trend indicates that Bitcoin has entered a long-term strengthening phase.

You May Be Interested In: Bitcoin Hits New Highs as Crypto Funds See $3.7 Billion Weekly Inflows

Ethereum Funds Continue Strong Uptrend

Ethereum funds maintained investor interest with $1.4 billion in inflows. Total assets under management reached $13.7 billion, hitting a new high. This increase indicates that institutional investors’ confidence in ETH remains strong. Staking yields and layer-2 growth, in particular, have made Ether funds attractive. While some fund managers anticipate Ethereum’s volatility may persist in the short term, the overall trend is positive.

Solana Funds Hit Record High

Solana funds received a massive $706 million investment, reaching the highest fund inflows ever. Solana’s scalability advantage and growth in the DeFi ecosystem have increased investor interest. Meanwhile, XRP, Sui, LINK, LTC, and ADA funds also ended the week with positive returns. No investments were seen in short-Bitcoin funds, indicating that the market is generally positioned for an upward trend.

The largest investment inflow by country occurred in the US, amounting to $5 billion. Switzerland ranked second with $563 million, while Germany came in third with $311 million. This picture reveals that global investment flows are shifting back towards US-based crypto funds. Increased regulatory clarity has paved the way for institutional investors to strengthen their positions. Fund flows in Europe progressed more steadily with MiCA regulations.

BlackRock ETFs Close Strong

BlackRock’s Bitcoin and Ethereum-focused ETFs ended the week with $2.5 billion in investment volume. This performance indicates that institutional capital’s interest in crypto markets is growing stronger. The success of BlackRock’s ETFs has encouraged other major financial institutions to develop similar products. Experts predict that such initiatives will further legitimize crypto funds and digital assets.

The post Crypto Funds Hit Record: Historic Investment in Solana appeared first on Coin Engineer.

On Tuesday, the Trump administration extended the tariff delay on Chinese goods by 90 days. At the same time, it imposed aluminum tariffs on more than 400 products, ranging from wind turbines to construction equipment. These decisions increased concerns among trade groups such as the National Foreign Trade Council (NFTC), which stated that tariffs are delaying growth and disrupting operations. 

U.S. Commerce Secretary Invests in Bitcoin Funds 

According to SEC filings cited by Sludge, Lutnick’s firm Cantor Fitzgerald invested $120.7 million in the Fidelity Wise Origin Bitcoin Fund (FTBC). He also allocated $116.8 million to Robinhood shares. In addition, Cantor took positions in Tesla, AMD, and Alibaba. Analysts say these picks include investments both resilient to trade policies and potentially benefiting from tariffs. 

On July 8, Lutnick obtained a waiver allowing him exemption from conflicts of interest. This waiver enabled him to participate in decisions directly affecting Cantor Fitzgerald. Financial policy expert Bartlett Naylor described the case as a striking example of conflict of interest. 

Conflict of Interest Debates in the Trump Administration 

Similar cases emerged among Trump’s close circle. Crypto and AI advisor David Sacks sold a $200 million crypto investment at the start of Trump’s second term but soon received a waiver similar to Lutnick’s. His venture capital firm, Craft Ventures, invested $22 million in U.S.-based AI company Vultron on July 11. This investment accelerated the firm’s growth as it pursued federal contracts. 

U.S. Treasury Secretary Scott Bessent, meanwhile, claimed tariffs would bring $300 billion to the budget. However, economists disagreed, citing supply chain uncertainty. A Yale University report stated tariffs would raise prices by 1.8% in the short term, costing households $2,400 annually. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.  

The post U.S. Commerce Secretary Buys Bitcoin Amid Trump Tariffs! appeared first on Coin Engineer.