Bitcoin and Ethereum U.S. spot ETFs have seen combined outflows of $797 million for the fifth consecutive day amid profit-taking by institutions. Meanwhile, Solana ETFs continue to attract inflows, recording $14.83 million on November 4, signaling growing interest in diversified crypto assets despite market volatility.
-
Bitcoin spot ETFs led with $578 million in outflows on November 4, contributing to over $1 billion in total losses since late October.
-
Ethereum ETFs followed with $219 million in outflows, marking sustained institutional caution in the Ethereum market.
-
Solana ETFs bucked the trend with $84.88 million in net inflows over the past month, driven by staking yields and ecosystem growth, even as SOL drops over 30%.
Bitcoin and Ethereum ETF outflows hit $797M amid market corrections, while Solana ETFs see steady inflows. Explore institutional shifts and investment opportunities in crypto ETFs today.
What Are the Latest Bitcoin and Ethereum ETF Outflows in the US?
Bitcoin and Ethereum ETF outflows in the U.S. have intensified, with spot ETFs recording a combined $797 million in withdrawals on November 4, marking the fifth straight day of net outflows. This trend reflects institutional profit-taking following recent peaks, as Bitcoin ETFs alone saw $578 million exit, and Ethereum added $219 million more. Overall, these movements indicate a temporary cooling in demand for these leading cryptocurrencies amid broader market adjustments.
Why Are Solana ETFs Experiencing Net Inflows Despite SOL’s Price Decline?
Solana ETFs have recorded a combined net inflow of $84.88 million over the past 30 days, with Bitwise’s BSOL contributing the bulk at $78.32 million and Grayscale’s GSOL adding the rest. This resilience persists even as SOL has tumbled more than 30% in the same period, highlighting investor confidence in Solana’s high-performance blockchain capabilities. On November 4, Solana ETFs attracted $14.83 million, extending a six-day inflow streak. Factors include attractive staking yields around 7% for BSOL, alongside surging activity in Solana’s DeFi, NFT, and validator networks. According to on-chain data from sources like SoSoValue, Solana has minted over 340 million NFTs and processed more than 461 billion transactions, underscoring its scalability with low fees and high throughput. Experts note that this positions Solana as a strong Ethereum alternative, drawing institutional diversification away from BTC and ETH amid their outflows.
Source: SoSoValue; Bitwise BSOL cumulative inflows over the past 30 daysThe contrast with Bitcoin and Ethereum is stark, as capital rotates toward assets offering higher yields and innovative ecosystems. Institutional investors appear to be rebalancing portfolios, favoring Solana’s tokenized products and staking mechanisms over the established but currently pressured BTC and ETH markets. This shift could signal longer-term diversification trends in the crypto ETF space, where performance metrics like transaction speed and cost efficiency play a pivotal role.
Frequently Asked Questions
What Caused the $1 Billion in Bitcoin ETF Outflows Since October?
The $1 billion in Bitcoin ETF outflows since October stems primarily from large institutions engaging in profit-taking after Bitcoin’s all-time high on October 26, as reported by SoSoValue data showing $764 million withdrawn from BTC ETFs alone. Additional factors include portfolio rebalancing and custody adjustments amid macroeconomic hedging, leading to sustained withdrawals across the ecosystem without clear reversal signs yet.
How Do Solana ETF Inflows Compare to Bitcoin and Ethereum Trends?
Solana ETFs have bucked the downward trend, pulling in $84.88 million over the past month while Bitcoin and Ethereum spot ETFs lost over $1 billion combined. This inflow momentum, even with SOL’s 30% drop, reflects investor bets on Solana’s superior scalability and 7% staking yields, making it a voice in diversified crypto strategies.
In the evolving landscape of cryptocurrency exchange-traded funds, recent data from Farside highlights the depth of these shifts. BlackRock’s iShares Bitcoin Trust (IBIT) alone has seen over $185 million in outflows this month, contributing to a five-day total exceeding $1 billion. Since October 29, all U.S. spot Bitcoin ETFs have posted negative flows, with no inflows recorded on November 4. Ethereum follows suit, with BlackRock’s ETHA experiencing $192 million in November outflows and over $300 million since October 30. Fidelity’s FETH lost at least $44 million in the same period, while Grayscale’s ETHE and ETH combined for $88 million yesterday and $108 million this month.
Source: Farside; Bitcoin ETF flows since October 17These outflows correlate with price declines: Bitcoin has dropped more than 15% over the past month, trading around $102,954, below the $104,000 mark for the first time recently. Ethereum has fared worse, with a 25% plunge, currently at $3,341. Analysts attribute this to temporary profit-taking and rotations toward cash or lower-risk assets, though the streak raises questions about sustained demand for BTC and ETH. In contrast, Solana’s appeal lies in its ecosystem momentum, including DeFi protocols and NFT marketplaces that continue to thrive despite price volatility.
Broader market sentiment shows institutions navigating uncertainty, potentially influenced by global economic factors like interest rate expectations and regulatory developments. While Bitcoin and Ethereum remain dominant, the inflow into Solana ETFs suggests a maturing market where alternatives gain traction based on utility and yield. Data from on-chain analytics platforms like SoSoValue and Farside provide transparent insights into these flows, reinforcing the importance of real-time monitoring for investors.
Looking at historical patterns, ETF outflows are not uncommon following rallies, often preceding consolidations or recoveries. For instance, post-peak adjustments help institutions lock in gains and reposition for future growth. However, the five-day streak for Bitcoin and Ethereum is notable, exceeding typical corrections and prompting discussions on whether this signals a broader cooling in crypto enthusiasm.
Solana’s performance, meanwhile, exemplifies how niche strengths can drive capital in turbulent times. Its blockchain’s ability to handle high volumes at low costs—evidenced by the 461 billion transactions—appeals to those seeking efficiency over legacy assets. Staking rewards further enhance its attractiveness, offering passive income streams that BTC and ETH ETFs currently lack in comparable measure.
Institutional adoption remains a key driver across these assets. BlackRock and Fidelity, as major players, exemplify the shift from traditional finance into crypto, but their recent outflows indicate selective engagement. Grayscale’s products, too, reflect this caution, with consistent withdrawals underscoring a wait-and-see approach.
For investors, these trends highlight the value of diversification within crypto ETFs. While Bitcoin and Ethereum face headwinds, Solana’s inflows point to opportunities in high-growth ecosystems. Monitoring on-chain metrics and flow data from reliable sources will be crucial to gauging future directions.
Key Takeaways
- Outflow Surge in BTC and ETH: U.S. spot ETFs for Bitcoin and Ethereum saw $797 million in combined outflows on November 4, part of over $1 billion lost since late October due to profit-taking.
- Solana’s Inflow Resilience: Despite a 30% SOL price drop, Solana ETFs recorded $84.88 million in net inflows over 30 days, fueled by 7% staking yields and robust ecosystem activity.
- Market Rotation Insight: Capital shifts toward Solana suggest diversification strategies; investors should track on-chain data for emerging opportunities in scalable blockchains.
Conclusion
The recent Bitcoin and Ethereum ETF outflows of $797 million underscore institutional caution amid profit-taking and rebalancing, while Solana ETF inflows highlight its appeal as a high-yield alternative. As Bitcoin trades near $102,954 and Ethereum at $3,341 after significant drops, these trends reflect a dynamic crypto ETF market driven by ecosystem strengths like Solana’s scalability. Looking ahead, diversified portfolios incorporating such assets may offer stability; stay informed on flow updates to capitalize on evolving opportunities.
