Solana Defies Trend as Bitcoin, Ethereum ETFs Bleed
Bitcoin and Ethereum ETFs see 4-day outflows, while Solana records $70M in inflows for five straight days.
- Bitcoin and Ethereum spot ETFs see fourth day of outflows
- Solana spot ETFs record five consecutive days of inflows
- Market shows shifting investor sentiment toward Solana
On November 3, spot exchange-traded funds (ETFs) for Bitcoin and Ethereum experienced significant net outflows for the fourth consecutive day. Bitcoin spot ETFs saw a total of $187 million exit the market, while Ethereum ETFs followed closely with $136 million in net outflows.
This marks a concerning trend for two of the largest cryptocurrencies by market cap. Analysts suggest that this sustained exit may reflect growing investor caution or short-term profit-taking. The lack of fresh inflows might also signal a wait-and-see approach from institutional investors amid ongoing market uncertainty and macroeconomic shifts.
Solana Spot ETFs Attract Consistent Inflows
In sharp contrast to Bitcoin and Ethereum, Solana is enjoying a surge in investor confidence. Solana spot ETFs recorded a strong $70.05 million in net inflows on the same day, extending its streak to five consecutive days of positive movement.
This continued momentum is being viewed as a sign of rising institutional interest in alternative Layer 1 blockchains. Solana’s lower fees, faster transaction times, and growing developer ecosystem are likely contributing to this renewed attention.
Investor Sentiment Shows a Shift
The divergence in ETF flows highlights a potential shift in investor sentiment. While Bitcoin and Ethereum remain dominant in terms of market cap and adoption, the recent trend suggests investors are exploring other opportunities—such as Solana—especially as the broader crypto market looks for new narratives ahead of the next bull cycle.
If this trend continues, it could pave the way for Solana to gain more institutional backing and a larger share of capital inflows, possibly positioning it as a serious competitor in the top-tier crypto league.
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