Solana ETFs Rally for Sixth Day as Bitcoin, Ethereum See Outflows

Solana ETFs gained for the sixth straight trading day on November 4. Investors poured $14.83 million into these funds. The streak highlights growing confidence in Solana’s market performance.

The positive flows resulted in cumulative inflows of $284.09 million, with total net assets reaching $488.80 million. Solana products continued to attract strong investor interest. Bitcoin ETFs saw redemptions worth $577.74 million on November 4.

Ethereum ETFs followed with $219.37 million in outflows. Both recorded their fifth straight day of withdrawals, highlighting a stark contrast with Solana’s momentum.

Bitcoin ETFs log fifth consecutive outflow day with $577.74M exodus

Bitcoin ETFs recorded negative flows for the fifth consecutive trading session on November 4. Investors pulled out $577.74 million that day. The trend signals continued bearish sentiment toward Bitcoin funds.

Fidelity’s FBTC led outflows at $356.58 million. Ark & 21Shares’ ARKB recorded $128.07 million in redemptions for 1,280 BTC. Grayscale’s GBTC experienced $48.89 million in outflows corresponding to 486.92 BTC.

Smaller providers also faced redemptions on November 4. VanEck’s HODL logged $17.04 million in outflows for 169.68 BTC. Valkyrie’s BRRR recorded $11.34 million in redemptions, representing 112.96 BTC.

Franklin’s EZBC saw $8.72 million exit for 86.79 BTC. Bitwise’s BITB experienced $7.10 million in outflows corresponding to 70.66 BTC. BlackRock’s IBIT, Grayscale’s BTC mini trust, Invesco’s BTCO, WisdomTree’s BTCW, and Hashdex’s DEFI all showed zero flows.

Bitcoin ETFs saw $470.71 million in outflows on October 29 and $488.43 million on October 30. The trend continued with $191.60 million on October 31 and $186.51 million on November 3. On November 4, investors pulled another $577.74 million, extending the five-day streak.

The cumulative total net inflows for Bitcoin ETFs decreased to $60.42 billion as of November 4. It was down to $61.00 billion by November 3. Total net assets fell to $134.53 billion from $143.51 billion over the same period.

Ethereum ETFs experience fifth straight outflow day at $219.37M

Ethereum ETFs extended their losing streak to five consecutive sessions with $219.37 million in net redemptions on November 4.

Investors withdrew $719.08 million from Bitcoin ETFs over five days. These outflows wiped out the $246.02 million in gains from October 28. Ethereum’s price fell 4.11% to $3,333.44. The drop pushed its weekly losses to 17.01%.

Ethereum ETFs saw outflows of $81.44 million on October 29, $184.31 million on October 30, and $98.20 million on October 31. The trend continued with $135.76 million on November 3 and $219.37 million on November 4.

Cumulative total net inflows for Ethereum ETFs declined to $14.01 billion from $14.23 billion between November 3 and November 4. Total net assets decreased to $21.12 billion from $24.02 billion over the same period.

The $2.90 billion reduction in assets stems from both redemptions and ETH’s 4.11% daily price decline. Trading volume reached $4.15 billion on November 4, up from $2.51 billion on November 3.

All major Ethereum ETF providers reported zero flows on November 4, with outflows concentrated in one or more products. At the same time, others recorded no activity.

Solana ETFs maintain momentum with sixth positive session

Solana ETFs recorded $14.83 million in inflows on November 4, marking the sixth consecutive trading day of positive flows. Solana ETFs saw $69.45 million in inflows on October 28 and $47.94 million on October 29.

The trend continued with $37.33 million on October 30, $44.48 million on October 31, and $70.05 million on November 3. On November 4, investors added another $14.83 million to the streak. Cumulative inflows reached $284.09 million with total net assets of $488.80 million.

The November 4 inflow is the smallest daily intake during the six-day streak. It was down from $70.05 million on November 3.

Trading volume reached $68.53 million on November 4, consistent with $67.59 million on November 3. Solana ETFs benefited from recent launch momentum and investor appetite for alternatives to Bitcoin and Ethereum.

The divergent performance happened during a period of overall price weakness across major cryptocurrencies. Bitcoin dropped 2.32% over the past 24 hours to $101,910.53. This represented a 10.09% decline over the past seven days.

Ethereum fell 4.11% to $3,333.44, dropping 17.01% weekly. Solana gained 0.25% over the past 24 hours, reaching $156.62, but remained down 19.84% over the past seven days.