Bitcoin, Ether ETFs lose $256M while Solana ETFs keep rising
US spot Bitcoin and Ethereum ETFs lost $256M in one day, marking a six-day outflow streak. SOL ETFs defied the trend with $9.7M in inflows.
Quick Take
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Bitcoin and Ethereum ETFs saw combined outflows of $256 million on November 5, continuing a six-day losing streak.
Solana ETFs recorded $9.7 million in net inflows, extending their positive streak to seven consecutive days.
BlackRock's IBIT led the Bitcoin ETF withdrawals with a $375.49 million outflow, while Fidelity's FBTC saw inflows.
The diverging flows highlight a split in institutional sentiment, with a rotation of capital towards Solana as a high-growth alternative.
U.S. spot Bitcoin and Ethereum ETFs extended their losing streak on November 5, recording another round of outflows. According to data from SoSoValue, Bitcoin ETFs saw $137 million in net outflows, while Ethereum ETFs lost $119 million. This marks the sixth straight day of capital leaving both major crypto funds.
In sharp contrast, Solana ETFs continued to attract investors. It recorded $9.7 million in net inflows for the day. This marks seven consecutive days of inflows for Solana-based products. It’s a sign of growing investor confidence in the network despite broader market volatility.
Bitcoin ETFs Face Six-Day Outflow Streak
Bitcoin ETFs have been under pressure for nearly a week as traders take profits amid ongoing market uncertainty. On November 5 alone, total net outflows reached $137 million. It is reducing overall inflows for the month. The largest ETF, BlackRock’s iShares Bitcoin Trust (IBIT), led the withdrawals with a massive $375.49 million outflow. Meanwhile, Fidelity’s FBTC bucked the trend with $113.3 million in inflows.
This highlights uneven investor sentiment across funds. Despite the short-term sell-off, U.S. spot Bitcoin ETFs still hold a combined $139.15 billion in total net assets. It is equivalent to 6.7% of Bitcoin’s total market capitalization. Cumulative inflows since launch remain strong at $60.28 billion. This shows that institutional interest in Bitcoin has not disappeared. It’s just cooling temporarily.
Ethereum ETFs Also See Withdrawals
Ethereum ETFs mirrored Bitcoin’s trend, posting $119 million in net outflows. This marks six consecutive days of selling pressure. This suggests investors are cautious ahead of potential macroeconomic catalysts. The weakness in Ethereum ETFs comes despite the network’s ongoing upgrades and institutional adoption narrative.
Analysts say investors may be rotating into other opportunities. Such as Solana or waiting for clearer regulatory direction before committing new funds. The outflows also follow a period of strong inflows earlier in October. This suggests that some traders are locking in profits while ETH remains near multi-month highs.
Solana ETFs Extend Winning Streak
In contrast to the red across BTC and ETH ETFs, Solana ETFs stood out with $9.7 million in inflows, their seventh straight day of gains. The consistent demand highlights Solana growing momentum in retail and institutional markets. Solana strong network performance and rising developer activity have boosted investor confidence. Many see the blockchain as a faster, cheaper alternative for decentralized apps and token trading. This helps drive capital inflows even when larger crypto assets face pressure.
Investor Sentiment Remains Divided
The diverging ETF flows paint a clear picture: institutional sentiment toward crypto remains split. Bitcoin and Ethereum still dominate in terms of total holdings and liquidity. But Solana is steadily gaining attention as the next high-growth asset. While short-term volatility continues to shake ETF markets. Analysts believe that broader institutional adoption. Especially for alternative layer-1 assets like Solana. That could shape the next phase of the crypto investment landscape.
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