Bitcoin and Ether Outflows Deepen as Solana ETFs Attract $30 Million Inflow
- Spot Bitcoin ETFs saw continued heavy redemptions, extending a multi-day losing streak.
- Ethereum ETFs recorded $74 million in net outflows, led by BlackRock’s ETHA.
- Solana ETFs bucked the trend with roughly $30 million in daily inflows, pushing cumulative totals past $420 million.
Spot Bitcoin and Ethereum ETFs posted significant outflows on Tuesday, Nov. 18, as investors continued to reduce exposure amid a broader crypto market pullback.
Bitcoin funds led the redemptions, with BlackRock’s IBIT alone recording its largest single-day outflow on record at over $500 million in some sessions earlier in the week. Ethereum products followed suit, shedding $74 million on the day, primarily from BlackRock’s ETHA.
In contrast, spot Solana ETFs extended their positive streak, attracting approximately $30 million in net inflows. Bitwise’s BSOL and other Solana vehicles benefited as allocators appeared to rotate toward higher-yield altcoin exposure.
The divergent flows highlight shifting institutional preferences, with Solana products now enjoying more than two weeks of uninterrupted inflows totaling over $420 million since late October launches (Bitcoin.com News; cross-referenced with The Block data).
Bitcoin traded near $91,000 after dipping below the psychological level overnight, while Ether held around $3,050. Solana, despite the inflow support, remained under pressure alongside the broader market.
Analysts note that persistent BTC and ETH outflows could signal profit-taking or portfolio rebalancing ahead of year-end, though long-term cumulative inflows for both remain strongly positive.
Disclaimer: This article is for informational purposes only and does not constitute advice of any kind. Readers should conduct their own research before making any decisions.
