Haciyev Reşit 
As the crypto markets faced intense volatility in recent days, the spot ETF data from November 14 strongly reflected the growing uncertainty. While Bitcoin and Ethereum ETFs continued their streak of outflows, inflows on the Solana side indicate a clear divergence in investor behavior. Meanwhile, newly listed XRP ETFs recorded a significant second-day inflow, signaling notable institutional demand.
Outflows in Bitcoin Spot ETFs
Bitcoin ETFs posted $492.11 million in net outflows on November 14, marking the third consecutive day of withdrawals. This figure shows a deepening weakness in institutional demand in recent weeks and that major funds continue shifting away from riskier assets.
Persistent outflows at this scale put direct pressure on the Bitcoin price and highlight a fragile liquidity structure in the market. Large redemptions from ETFs especially indicate an accelerated flight from risk in U.S. markets. At the same time, this outflow trend contributes to Bitcoin’s inability to maintain stability around key psychological levels such as $100,000 and $98,000.
Weak Institutional Demand in Ethereum Spot ETFs
Ethereum ETFs have also continued to show weak performance. ETH ETFs recorded $177.90 million in net outflows on November 14, marking their fourth consecutive day of withdrawals. These repeated outflows reflect investors’ caution amid Ethereum’s price fragility.
The recent market pressure has led investors to reduce their ETH exposure. Given that these redemptions are largely coming from the institutional segment, they have become a key factor suppressing Ethereum’s short-term momentum. ETF analysts summarized the situation:
“Continued outflows from Bitcoin and Ethereum ETFs show that institutional investors are once again shifting into risk-reduction mode. In times of rising uncertainty, moving out of volatile assets and into cash or stablecoins is a typical behavior pattern.”
Million-Dollar Inflows Into Solana ETFs
While BTC and ETH ETFs saw continued outflows, Solana ETFs recorded $12.04 million in net inflows. These inflows suggest that investors view Solana as a strengthening alternative while diversifying their portfolios. Growing interest in the Solana ecosystem in recent months has now directly translated into institutional products. The steady inflow trend in SOL ETFs once again confirms Solana’s position as one of the most prominent altcoins in the market.
Strong Demand for XRPC ETFs: Large Inflow on Day Two
Although newly listed XRP ETFs saw no net inflow on November 13, the following day brought a significant $243.05 million net inflow. This inflow was made through both cash and in-kind creations, showing that institutional investors are rapidly adopting the product. Such strong demand in the early days of a new ETF highlights that the market still responds with high enthusiasm to certain themed products.
ETF Flows Continue to Shape Market Direction
The ETF flows from November 14 reveal that risk appetite in the crypto market remains weak. Outflows in Bitcoin and Ethereum show that institutional investors are positioning cautiously, while inflows into products like Solana and XRPC indicate ongoing rotation within the market. In the coming days, the direction of ETF flows will remain one of the most critical indicators shaping both short-term market sentiment and price action.
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