Ethereum ETFs See Institutional Money Inflow and Strong Market Performance, While Bitcoin ETFs Experience Outflows. Solana Notes a Huge Trading Volume

US spot Ethereum ETFs' inflows hit $130.8 million on Monday alone. Conversely, Bitcoin (BTC) ETFs logged outflows of $226.5 million

Institutions are showing more interest in Ethereum (ETH) than Bitcoin (BTC), with Ethereum ETFs seeing strong inflows while BTC ETFs experience outflows. Also, Solana (SOL) is outperforming BTC and ETH in terms of capital inflows and price performance.

Institutions Opting for Ethereum ETFs Amid Bullish News

According to data from Farside Investors, Ethereum ETFs saw a net inflow of $130.8 million on Monday, while Bitcoin ETFs faced an outflow of $226.5 million on Tuesday.

This marks the third consecutive week of outflows for Bitcoin ETFs. Institutions appear to be shifting their focus toward Ethereum, driven by a week of positive news.

The Securities and Exchange Commission (SEC)’s recent stance on approving Ethereum-based ETFs has played a significant role in boosting institutional interest in ETH.

In contrast, Bitcoin ETFs encountered headwinds during the holiday season. However, the recent performance of Ethereum ETFs is notably remarkable, indicating increasing institutional money participation in the Ether market.

Solana Outperforms BTC, ETH in Price Performance

On-chain data reveals that Solana beats BTC and ETH in terms of capital inflows and price performance earlier this week. Solana inflows reached $776 million, outperforming Bitcoin and Ethereum.

This showcases a remarkable recovery for 2024, considering that the coin’s price drastically dropped to $9 in 2022 following the FTX collapse.

Since then, SOL’s price surged by over 2000% as increased activity on its blockchain boosts demand for the network, especially within the meme coin space.

With SOL serving as the base currency for meme coin transactions on its blockchain, its growth trajectory instills strong market confidence.

The token reached a new all-time high of $263 on November 23. The data also indicates that SOL has maintained a positive net capital inflow since September 2023.

This signifies that the chain is attracting new investors, and, coupled with increased activity by long-term holders taking profits, it serves as a key driving force for SOL’s price.

Justin Sun’s Large Ethereum Transfer to Exchange Stirs Interest

In another development, Tron founder Justin Sun transferred about $245 million in Ethereum to a crypto exchange.

The crypto billionaire moved 70,182 ETH to HTX on Christmas Eve. The transferred amount was unstaked Ethereum from Lido Finance and Etherfi.

Sun's total HTX exchange deposits now stand at 179,101 ETH, valued at more than $645 million at current market prices.

The timing of Sun's transfer suggests he might be anticipating a possible ETH rally, which some analysts predict could unfold within the next few weeks.

Such a move by Sun could influence Ether's price, as large holders' movements often impact the price direction of any token.

Analyst Predicts ETH to Outperform BTC by Early 2025

A popular analyst is predicting that Ether could be outperforming BTC in terms of price gains by January 2025.

According to MN Capital founder Michael van de Poppe, the ETH/BTC ratio is showing signs of breaking above the 0.04 mark (currently at 0.0356).

If this prediction unfolds, it will indicate a shift in dominance for Ethereum over Bitcoin, triggering an “altcoin run.”

The analyst also notes that strong institutional interest is likely to continue boosting Ethereum's outperformance.

Moreover, increasing Ether ETF inflows into leading products like those from BlackRock and Fidelity could positively influence ETH's price.