Bitcoin ETFs Gain $524M as Ethereum Sees Outflows

• Bitcoin spot ETFs saw $524M in inflows on Nov 11.
• Ethereum ETFs experienced $107.1M in outflows.
• Solana ETFs recorded $8M in new investments.

On November 11, Bitcoin spot ETFs recorded a significant surge in investor interest, pulling in a massive $524 million in net inflows. This marks one of the strongest single-day performances for Bitcoin ETFs, reflecting renewed confidence among institutional and retail investors.

The uptick comes amid a broader sentiment shift in the crypto market, possibly fueled by rising expectations of a bullish cycle. Analysts believe that macroeconomic factors, such as potential interest rate cuts and growing institutional adoption, are pushing investors toward Bitcoin as a hedge against inflation and traditional market volatility.

Ethereum Faces Major Withdrawals

While Bitcoin had a good day, Ethereum did not share the same luck. Ethereum ETFs saw outflows totaling $107.1 million on the same day. This suggests investors might be rotating out of ETH exposure, possibly due to uncertainty about its short-term price performance or regulatory clarity.

Another theory is the growing competition Ethereum faces from other Layer 1 blockchains, such as Solana, which are becoming more attractive due to scalability improvements and lower fees.

Solana ETFs See Modest Growth

Solana continues to quietly make gains in the ETF space, recording $8 million in inflows on November 11. Although much smaller than Bitcoin’s, this flow reflects growing investor interest in Solana’s technology and ecosystem.

Solana’s consistent improvements in transaction speed and developer activity could be making it a serious contender in the smart contract space, especially as Ethereum faces ongoing scaling issues.

Overall, November 11’s ETF flow data paints a clear picture: Bitcoin is leading the charge in investor interest, while Ethereum appears to be losing some ground—at least in the short term.