Bitcoin ETFs See $278M Outflow as Solana Continues Positive Inflow Streak

Bitcoin ETFs experienced $277.98 million in net redemptions on November 12, reversing the prior session’s $523.98 million surge.

Cumulative net inflows declined to $60.21 billion with total net assets of $135.81 billion. Trading volume reached $3.66 billion, down from $2.74 billion on November 11.

The November 12 outflows for Bitcoin ETFs erased 53% of the prior day’s gains.

Fidelity FBTC dominates Bitcoin ETFs redemption activity

Fidelity’s FBTC led November 12 outflows with $132.86 million in net redemptions and represents 47.8% of total Bitcoin ETFs negative flows.

Ark & 21Shares’ ARKB recorded $85.18 million in outflows for 838.58 BTC, the second-largest redemption on November 12. Cumulative assets declined to $1.92 billion.

BlackRock’s IBIT saw $36.88 million in redemptions for 363.13 BTC, with total cumulative assets of $64.51 billion. Grayscale’s GBTC experienced $23.05 million in outflows for 226.93 BTC.

Grayscale’s BTC mini trust, Bitwise’s BITB, VanEck’s HODL, Invesco’s BTCO, Valkyrie’s BRRR, Franklin’s EZBC, WisdomTree’s BTCW, and Hashdex’s DEFI all showed zero flows on November 12.

November 11 saw record $523.98 million inflows, November 10 recorded modest $1.15 million gains, and November 7 experienced $558.44 million in outflows.

The $277.98 million November 12 outflow from Bitcoin ETFs is a 153% reversal from the prior session’s gains. Bitcoin ETFs cumulative flows declined from $60.49 billion to $60.21 billion, erasing $280 million in net accumulation.

Total net assets for Bitcoin ETFs fell from $137.83 billion on November 11 to $135.81 billion on November 12, a $2.02 billion reduction. Trading volume of $3.66 billion exceeded the $2.74 billion recorded on November 11.

Ethereum ETFs extend losing streak with $183.77M outflow

Ethereum ETFs recorded $183.77 million in net redemptions on November 12 and were the eighth negative session in ten trading days.

Cumulative net inflows declined to $13.57 billion with total net assets of $22.14 billion. Trading volume also reached $1.88 billion.

On November 11, Ethereum ETFs experienced $107.18 million in outflows, while on November 10, they recorded zero flows.

Cumulative flows have declined from $14.37 billion on October 31 to $13.57 billion by November 12. This represents $800 million in net redemptions over a two-week period.

Total net assets for Ethereum ETFs fell from $22.48 billion on November 11 to $22.14 billion on November 12. The $340 million reduction stems from both outflows and ETH price movements.

All major Ethereum ETF providers reported zero flows on November 12, suggesting that the $183.77 million outflow may have resulted from aggregate adjustments or unreported products.

Solana ETFs maintain perfect record with fourteenth consecutive inflow

Solana ETFs recorded $18.06 million in inflows on November 12, extending the positive record of inflows to fourteen consecutive trading sessions.

Cumulative inflows reached $368.52 million with total net assets of $574.42 million. Trading volume hit $35.42 million, up from $23.52 million on November 11.

The fourteenth consecutive positive session for Solana ETFs occurred while Bitcoin ETFs experienced $277.98 million in outflows and Ethereum products saw $183.77 million in redemptions.

November 11 contributed $7.98 million to Solana inflows, while November 10 recorded $6.78 million. The November 12 acceleration to $18.06 million represents the strongest single-day flow since the $12.69 million on November 7.

Solana price was quite volatile in the past few days. However, ETF flows remained consistently positive throughout the period. Combined Bitcoin ETFs and Ethereum outflows totaled $461.75 million on November 12, while Solana attracted $18.06 million.