Bitcoin and Ethereum ETF Outflows Hit $1.1B
Bitcoin and Ethereum spot ETFs saw massive outflows totaling $1.1B, while Solana ETFs gained modest inflows on Nov. 13.
- Bitcoin ETFs faced $866.7M in outflows.
- Ethereum ETFs recorded $259.6M in outflows.
- Solana ETFs gained $1.5M in new inflows.
On November 13, the cryptocurrency ETF market experienced a significant shift, with Bitcoin and Ethereum spot ETFs seeing a combined outflow of over $1.1 billion. According to market data, Bitcoin ETFs led the exodus with $866.7 million in net outflows, followed by Ethereum ETFs losing $259.6 million.
These large outflows suggest growing investor caution or profit-taking as prices remain volatile. While such numbers aren’t uncommon during market corrections, the scale of the outflows raises eyebrows, especially given recent optimism around institutional adoption of crypto via ETFs.
Solana ETFs Attract Inflows Amid the Drop
Interestingly, Solana (SOL) stood out amid the downturn. While Bitcoin and Ethereum saw funds flowing out, Solana spot ETFs reported $1.5 million in inflows. Though modest in comparison, it signals growing interest in alternative Layer 1 blockchains as investors diversify their crypto exposure.
Solana’s strong performance in recent months, combined with its low fees and fast transaction speeds, has made it a favorite among investors looking for alternatives to Ethereum.
What This Means for the Market
The stark contrast between major outflows in Bitcoin and Ethereum ETFs and modest inflows into Solana products reflects changing sentiment in the crypto investment landscape. While it’s too early to draw long-term conclusions, the market appears to be rotating or consolidating positions ahead of expected macroeconomic or regulatory updates.
Investors will be watching ETF flows closely in the coming days as a signal of broader institutional sentiment.
