Crypto Chaos: Bitcoin & Ethereum Run for the Hills While Solana Parties On

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According to some very serious folks at CoinShares who stare at numbers all day, the global crypto circus saw Bitcoin (BTC) and Ethereum (ETH) investment products apparently taking a collective breather-more like a graceful dive out the window-shedding a whopping $1.1 billion this past week. Meanwhile, Solana (SOL) decided to show up fashionably late and scooped up $291 million like it was free pizza. 🍕🎉

Bitcoin, Ethereum Products Bleed While Solana Shines

Overall, crypto investment products pulled back a grand total of $812 million. Bitcoin was the star player here, somehow managing to lose $719 million-because why not? Ethereum wasn’t far behind, hemorrhaging $409.4 million with the grace of a financially caffeinated squirrel.

The smarty-pants report says these outflows are because expectations of interest rate cuts (which usually jazz things up for crypto) have been dashed by surprisingly chipper US macroeconomic data. Turns out, the economy isn’t quite ready for a nosedive, boasting upgraded GDP and durable goods numbers to prove it.

But don’t lose hope just yet, dear reader! Month-to-date inflows still hover around a healthy $4 billion, with year-to-date numbers knocking on last year’s door at $39.6 billion versus a staggering $48.6 billion. Progress, kind of.

Meanwhile, heavyweights are feeling the squeeze: BlackRock’s iShares spot Bitcoin ETF lost $68 million (someone’s buying a lot of coffee), Grayscale’s GBTC ETF bled $300 million, and Fidelity’s FBTC ETF almost fainted, dropping $738 million. The report thoughtfully adds:

“No matching increase in short-bitcoin bets,” which is just fancyspeak for “Investors aren’t really sure if they hate Bitcoin or just mildly dislike it right now.” Expect this to be temporary, like your New Year’s resolutions.

Geographically speaking-because we like to add international flair-the US yanked $1.03 billion out of crypto investment products as if they were pulling a rabbit from a hat, Sweden’s crypto products lost $13.4 million (are Vikings getting cold feet?), whereas Swiss and Canadian products basked in inflows worth $126 million and $58.6 million respectively. Swiss watches and hockey sticks? Apparently, also now crypto investors. ⌚🏒

Solana, on the other hand, is running around handing out champagne, hoovering up $291 million in inflows and dazzling us all by pulling $1.8 billion this year alone. It’s also busy jogging towards a January all-time high of $293 like some overenthusiastic marathoner who forgot water but remembered optimism. 🏃‍♂️💨

Why the rush? Word on the street is a spot SOL ETF might get the green light within two weeks. That’s financial speak for “Soon, but we can’t tell you exactly when, so don’t pack your bags yet.”

Will Macroeconomic Factors Benefit Cryptocurrencies?

If you like to gamble, the FedWatch tool promises a 68% chance that the US Federal Reserve will cut interest rates by 50 basis points (that’s basically half a percentage point, or whatever percentages have become) on December 10. This little financial nudge might just be the caffeine shot that BTC, ETH, and SOL were begging for.

FedWatch probabilities or something equally thrilling

Plus, if inflation numbers decide to go undercover and chill out, that could give the Fed even more reasons to slash rates dramatically-much to the delight of crypto fans and anyone who enjoys rollercoaster economics.

In the meantime, Bitcoin is casually trading at $113,628, up 3.1% in the last 24 hours, which is almost as impressive as that leftover pizza you forgot in the fridge but still ate with gusto.

Bitcoin looking smug as usual

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2025-09-30 11:39