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Fidelity’s FBTC saw a massive $256.66 million withdrawn, making it the fund with the highest outflow.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 Grayscale’s GBTC recorded an outflow of $15.44 million, while Bitwise’s BITB fund saw $10.68 million withdrawn.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.

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During this period, total assets under management (AUM) declined to $146.48 billion. This figure represents roughly 6.46% of Bitcoin’s market capitalization. Fidelity’s FBTC led the outflows with a $331.42 million redemption by investors. 

ARK Invest’s ARKB product followed closely with a $327.93 million withdrawal. Grayscale’s GBTC recorded $66.79 million in losses, while BlackRock’s IBIT saw a relatively minor $2.58 million outflow. 

Despite the decline, trading volumes across spot Bitcoin ETFs remained strong. The total volume reached $6.13 billion, with BlackRock’s IBIT contributing $4.54 billion alone. This indicates continued investor interest despite the volatility. 

Ether ETFs End 20-Day Inflow Streak with $152M Outflow 

Meanwhile, spot Ether ETFs ended their longest-ever inflow streak on Friday, following 20 consecutive trading days of net inflows. That day, the sector recorded $152.26 million in total outflows. As a result, Ether ETF AUM dropped to $20.11 billion. 

This amount equals about 4.70% of Ethereum’s market cap. Grayscale’s ETHE led the withdrawals with a $47.68 million outflow. Bitwise’s ETHW product followed with a $40.30 million reduction, and Fidelity’s FETH recorded a $6.17 million decline. 

On the other hand, BlackRock’s ETHA remained flat for the day, reporting no inflows or outflows. Its assets under management held steady at $10.71 billion. 

Across all Ether ETFs, total trading volume hit $2.26 billion. Grayscale’s ETHE contributed the most, with $288.96 million in daily volume, reflecting ongoing market volatility. 

Institutional Demand Rises: Ethereum Accumulation Accelerates 

According to a recent report by Standard Chartered, institutional investors have increased their Ethereum purchases. Since early June, crypto treasury firms have acquired roughly 1% of Ethereum’s circulating supply. 

This steady accumulation, combined with consistent inflows into U.S. spot Ether ETFs, has become a key driver of Ethereum’s recent price rally. The bank projects that ETH could surpass $4,000 by year-end. 

Meanwhile, analysts highlight staking and DeFi participation as added incentives for corporate holdings. They believe that Ethereum’s share in institutional portfolios could grow significantly—possibly reaching up to 10% of total supply over time. 

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While Invesco’s BTCO showed $3.14 million in net inflows, Ark Invest and 21Shares recorded lesser inflows of $6.81 million. Notwithstanding these encouraging developments, Grayscale’s GBTC showed $22.76 million in withdrawals while BlackRock’s IBIT saw $9.06 million leaving the fund. Since August 26, IBIT has been suffering either no flows or outflows.

Monday’s daily trading activity for the 12 bitcoin ETFs overall dropped from $2.39 billion last Friday to $1.61 billion. These ETFs, which debuted in January, have together gathered $16.92 billion in net inflows.

Although Bitcoin ETFs exhibited recovery, U.S. spot ether ETFs kept losing run for the fifth straight day, with Monday net outflows of $5.20 million. With $22.64 million Grayscale’s ETHE led these withdrawals; Grayscale’s Ethereum Mini Trust (ETH) had $7.97 million in inflows. Bitwise’s ETHW recorded $1.85 million; Fidelity’s FET had $7.62 million in inflows.

On Monday, the nine ether ETFs traded total day volume of $124.51 million, down from $210.43 million last Friday. With $573.49 million in net outflows, these ETFs’ cumulative net flows remained negative.

While cryptocurrencies are still a hot issue, markets are now concentrating on the next Tuesday U.S. presidential debate between Donald Trump and Kamala Harris.

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SosoValue’s data shows that on Wednesday $37.29 million overall left spot Bitcoin ETFs. Along with GBTC’s losses, Fidelity’s FBTC saw $7.59 million in net outflows while VanEck’s HODL noted $4.91 million left the fund. By comparison, Bitwise’s BITB attracted $9.46 million and was the only ETF with net inflows. Seven other ETFs as well as BlackRock’s IBIT, the biggest spot Bitcoin ETF, saw zero daily inflows.

Reflecting the declining market activity, the total daily trading volume for the twelve Bitcoin ETFs dropped to $1.41 billion on Wednesday from $1.56 billion the day before.

With $37.51 million in net withdrawals, U.S. spot Ethereum ETFs likewise saw negative flows for the second straight day of such losses. While the Grayscale Ethereum Mini Trust (ETH) attracted $3.12 million in inflows, the Grayscale Ethereum Trust (ETHE) suffered losses of $40.63 million and carried most of these outflows.

The seven surviving spot Ether ETFs reported no flows in meanwhile. Wednesday’s total trading volume for the nine Ether ETFs fell from $163.5 million the day before to $145.86 million.

Market mood is still wary as Bitcoin and Ethereum ETFs face outflows; experts will be keenly observing if these developments continue in the next days.

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Leading Funds and Market Activity

Data from SoSoValue shows BlackRock’s IBIT, the biggest spot Bitcoin fund by net asset value, topped the inflows with $121.03 million; followed by Fidelity’s FBTC, which reported $90.95 million in net inflows. ARKB from Ark Invest and 21Shares reported $43.3 million in inflows; VanEck’s Bitcoin fund recorded $3.27 million.

On the other hand, the second-largest Bitcoin ETF, Grayscale’s GBTC, had $37.5 million outflows. BITB also disclosed bitwise net outflows of $4.72 million.

On Tuesday, the 11 spot Bitcoin funds exchanged for overall value of $1.19 billion. From their January launch, the ETFs have seen a net inflow of $15.27 billion overall.

Bitcoin Price and Economic Indicators

Price of Bitcoin increased 2.54% during the previous 24 hours to $59,108. Since falling to lows close to $54,000 last Friday, the bitcoin has been erratic as the collapsed crypto firm Mt. Gox started shifting its Bitcoin for its $9 billion payback.

In his Capitol Hill address on Tuesday, U.S. Federal Reserve Chair Jerome Powell said in reference to the labor market seeming to be “fully back in balance” and that the U.S. economy is no longer overheating. Later this week, investors expect important U.S. economic data; the first unemployment claims and consumer price index will be released on Thursday.

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