Ahmet Bedirhan Arvas 
Bitcoin spot ETF outflows continue. On November 7, all 12 U.S. Bitcoin spot ETFs recorded a total outflow of $558.44 million. This marks the largest single-day withdrawal since these funds were launched. However, while things seem bleak on that front, one “golden horse” continues its inflow streak for the ninth consecutive day — and that is, of course, Solana. Solana ETFs extended their inflow streak to nine days with an additional $12.7 million investment on November 7.
Leaders of the Outflows
The largest outflows occurred in the following three funds:
- Fidelity (FBTC)
- BlackRock (IBIT)
- 21Shares (ARKB)
Fidelity’s FBTC saw a massive $256.66 million withdrawn, making it the fund with the highest outflow. It was followed by 21Shares’ spot Bitcoin ETF (ARKB) with $144.24 million and BlackRock’s IBIT with $131.43 million. Grayscale’s GBTC recorded an outflow of $15.44 million, while Bitwise’s BITB fund saw $10.68 million withdrawn.
Eight Bitcoin ETFs, including Grayscale’s BTC, VanEck’s HODL, Invesco’s BTCO, Valkyrie’s BRRR, Franklin’s EZBC, WisdomTree’s BTCW, and Hashdex’s DEFI, reported zero flow activity.
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On November 6, Bitcoin spot ETFs recorded an inflow of $240.03 million. As of now, the total net inflow across all Bitcoin ETFs has reached $59.97 billion, with the combined total value of assets in these ETFs standing at $138.08 billion.
Despite Everything, Solana Keeps Attracting Inflows
As of November 7, Solana Spot ETFs continued their inflow streak for the ninth consecutive day, with a net inflow of $12.69 million. Interest in Solana Spot ETFs has been growing steadily since October 28. During this nine-day period, daily inflows rose from $9.70 million to as high as $70.05 million.
As of November 7, the total net assets under management (AUM) of Solana ETFs reached $575.93 million. The total net inflows into Solana Spot ETFs currently stand at $335.71 million. Meanwhile, total trading volume, which was around $27.95 million on November 6, has risen to $46.04 million as of November 7.