Crypto exchange-traded products (ETPs) saw the first major outflows of 2025, totaling $415 million, with Bitcoin ETPs leading the decline at $430 million. CoinShares attributes the sell-off to macroeconomic concerns, particularly US Federal Reserve Chair Jerome Powell’s cautious stance on interest rate cuts and higher-than-expected inflation data. This marks the end of a 19-week inflow streak that brought in $29.4 billion. Despite Bitcoin’s losses, altcoins like Solana, XRP, and Sui saw inflows, with Solana leading at $8.9 million. Analysts predict a strong chance of approval for Solana (75%) and XRP (65%) ETFs in 2025.

Milei Denies Promoting LIBRA Token Amid Fraud Allegations

Argentine President Javier Milei denies accusations of promoting the failed LIBRA memecoin, instead claiming he merely “spread the word.” The token surged to a $4.56 billion market cap after Milei’s social media post but plummeted 94% after he deleted it, sparking fraud lawsuits and impeachment calls. Milei insists he acted in good faith but acknowledges the need for better judgment. He downplays investor losses, claiming most were bots. The scandal has fueled political debate but hasn’t significantly impacted Argentina’s crypto market. KIP Protocol, linked to the project, denies involvement in the token’s launch or market-making activities.

Solana Faces Selling Pressure with $2B Token Unlock Approaching

The Solana ecosystem faces uncertainty as 11.2 million SOL tokens are set to unlock on March 1, potentially increasing selling pressure. Additionally, the recent LIBRA memecoin scandal has hurt the token’s reputation. Some analysts warn that buying SOL is “dangerous” as firms like Galaxy and Pantera could sell large amounts after securing significant profits from FTX auctions. However, others argue that the market can absorb the selling pressure due to Solana’s high trading volume. Meanwhile, futures traders are leaning bearish, with a short-to-long ratio of 4:1. If SOL loses the $180 support level, it could drop to the $168-$155 range, with a potential bearish trend reinforced by the 200-day moving average.

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