Bitcoin ETF flows have been overwhelmingly negative since Oct. 10. Credit: Steve Johnson via Pexels.
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Key Takeaways
Since Oct. 10, investors have withdrawn over $3.43 billion from Bitcoin ETFs.
Thursday’s $870 million in outflows were the second-worst day ever for Bitcopin ETFs.
Despite the bearish conditions, altcoin ETFs continue to attract investment.
Bitcoin exchange-traded funds (ETFs) in the U.S. recorded total net outflows of $870 million on Thursday, Nov. 13, their second-worst day on record.
On the other hand, a younger generation of altcoin ETFs that only hit the market recently continues to attract investment.
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Since a flash crash helped catalyze the latest bear market on Oct. 10, investors have pulled over $3.43 billion from 12 spot Bitcoin ETFs listed in the United States, with net outflows on 16 of the last 25 trading days, according to SoSoValue.
Net Bitcoin ETF flows Oct. 10–Nov. 13. Source: SoSoValue.
Thursday’s outflows came as BTC approached $100,000 before breaking through the crucial support early Friday.
The greatest single-day outflows for Bitcoin ETFs occurred earlier this year on Feb. 25, when they reached $1.14 billion.
Ethereum Funds Follow BTC
Collectively, the nine spot Ether ETFs have charted the same course as their Bitcoin-tracking peers, with outflows on the same 16 days since Oct. 10.
Over this period, net outflows reached $1.77 billion.
However, the $259.7 million withdrawn from Ethereum funds on Thursday was less exceptional, marking only the fifth-worst day on record, SoSoValue data shows.
Ether Spot ETFs Worst Outflows
Date
Daily Net Outflows (USD)
Aug. 4, 2025
-$465.06M
Sept. 5, 2025
-$446.71M
Aug. 19, 2025
-$429.73M
Oct. 13, 2025
-$428.52M
Nov. 13, 2025
-$259.72M
Altcoin ETFs Buck the Trend
In contrast to blue-chip crypto tracker funds, a crop of altcoin ETFs that hit the market on Oct. 28 have attracted sustained inflows.
Leading the pack, Solana ETFs from Bitwise and Grayscale have witnessed net inflows every day since their launch, pulling in $370 million despite the bearish market conditions.
Meanwhile, although there were some days where they didn’t attract a penny, there is no sign of investors retreating from funds that hold Litecoin or HBAR either.
The two ETFs offered by Canary have attracted cumulative inflows of $5.2 million and $76.4 million, respectively.
James Morales is CCN’s blockchain and crypto policy reporter. He has been working in the news media since 2020, writing about topics such as payments, banking and financial technology. These days, he likes to explore the latest blockchain innovations and the evolving landscape of global crypto regulation.
With an educational background in social anthropology and media studies, James uses his platform as a journalist to explore how new technologies work, why they matter and how they might shape our future.
