Haciyev Reşit 
As of November 11, 2025, spot ETF flows across the cryptocurrency market clearly reveal a shift in investor sentiment and risk appetite. On the first trading day of the week, Ethereum ETFs experienced notable outflows, while Bitcoin and Solana ETFs emerged as the primary focus of institutional investors seeking stability and growth potential.
Experts suggest that the easing of global economic uncertainties, the reopening of the U.S. government, and a renewed appetite for risk assets have led to a reshaping of capital flows in the ETF market. During this process, investors began rebalancing their portfolios toward assets offering higher liquidity and perceived safety.
Weak Outlook for Ethereum ETFs
According to the latest data, Ethereum ETFs recorded a total net outflow of $107.18 million, with no inflows across any of the nine active funds. This indicates that investors are adopting a cautious stance toward ETH amid short-term uncertainties. Analysts point to high transaction fees on the Ethereum network and declining staking yields as key factors temporarily weakening institutional demand.
ETH has struggled to stay above the $3,500 level in recent days, suggesting that investors may remain on the sidelines until stronger technical or macroeconomic signals emerge.
Strong Inflows for Bitcoin ETFs
The market leader, Bitcoin ETFs, started the week on a strong note, registering a net inflow of $523.98 million during the same period. Notably, BlackRock’s iShares Bitcoin Trust (IBIT) led all spot ETFs with a single-day inflow of $224 million. Experts attribute this momentum to renewed market stability and growing institutional demand following the government’s reopening reinforcing Bitcoin’s reputation as the preferred digital asset for large-scale investors.
Steady Momentum in Solana ETFs
Maintaining its positive performance, Solana ETFs saw net inflows of $7.98 million, marking 11 consecutive days of positive flows. This steady growth reflects institutional investors’ view of Solana as an “Ethereum alternative”, offering high speed, low transaction costs, and superior scalability. The continued strength in Solana ETFs could further boost interest in DeFi and Web3 projects built on the Solana network as the final quarter of 2025 progresses.
Overall Market Outlook
Recent ETF flow data underscores the clear divergence among major crypto assets: Bitcoin continues to dominate the ETF landscape, Ethereum faces short-term headwinds, and Solana steadily attracts institutional capital. Analysts emphasize that as the year draws to a close, ETF flows will remain a critical indicator for determining the broader direction of the cryptocurrency market.
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