Crypto ETFs split as Bitcoin and Ethereum bleed $800M in outflows, while Solana, HBAR, and Litecoin funds attract steady investor inflows. | Credit: Getty Images.
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Key Takeaways
Solana, HBAR, and Litecoin ETFs buck the market trend with steady inflows.
Bitcoin and Ethereum ETFs bleed over $800 million in combined outflows.
All three altcoin ETFs have seen net inflows every single trading day so far.
While major Bitcoin and Ethereum funds saw money pour out at record levels, newer ETFs tied to Solana (SOL), Hedera (HBAR), and Litecoin (LTC) managed to attract fresh capital, a surprising vote of confidence in the middle of a market-wide meltdown.
Bitcoin ETFs Lead the Sell-Off
Bitcoin ETFs bore the brunt of Monday’s sell-off.
According to SoSoValue data, they recorded $577 million in net outflows on Nov. 4 alone — marking their fifth straight day in the red.
Fidelity’s FBTC led the exodus, with nearly $356 million withdrawn, while Ark & 21Shares’ ARKB saw another $128 million in exits.
Bitcoin ETF flows. | Source: SoSoValue.
Funds from Grayscale, VanEck, and Valkyrie also suffered, each losing between $10 million and $50 million.
The rest of the group, including smaller issuers, saw no new inflows or outflows.
Just a few weeks ago, Bitcoin ETFs were the crown jewel of institutional crypto exposure, attracting more than $2.7 billion in weekly inflows before the mid-October crash.
Now, that enthusiasm has evaporated almost overnight, leaving many wondering if the market’s bull engine has finally run out of fuel.
Ethereum ETFs Follow Suit
Ethereum didn’t fare much better. Spot ETH ETFs recorded $273.5 million in daily outflows on Nov. 4 — marking the fifth straight day of losses, similar to Bitcoin.
The outflows come as ETH’s price plunged below $3,150, wiping out its year-to-date gains after briefly touching a record high above $4,900 earlier this fall.
Ethereum ETF flows. | Source: SoSoValue.
BlackRock’s iShares Ethereum Trust (ETHA) led the pack with $111 million in redemptions, followed by Grayscale, which recorded roughly $90 million in combined outflows across its two Ethereum products.
Fidelity’s FETH wasn’t immune either, shedding another $20 million. Most other issuers ended the session flat, reporting no inflows or outflows.
Just weeks ago, Ethereum ETFs were being hailed as the next big institutional gateway into decentralized finance.
Now, as liquidity tightens and confidence wavers, even the market’s “smart money” seems to be taking a step back.
Altcoin ETFs Quietly Build Momentum
In contrast, the new generation of altcoin ETFs is quietly gaining traction.
Prashant Jha is a seasoned crypto journalist based in Delhi, India, with a Bachelor’s Degree in Computer Science Engineering. Passionate about the evolving world of blockchain and cryptocurrencies, he has been a dedicated voice in the industry since 2018. Prashant’s expertise lies in regulatory reporting, where he unravels complex legal and financial developments with clarity and precision. Before joining CCN in 2024, he honed his craft at Cointelegraph, establishing himself as a trusted name in crypto journalism.
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