Key Insights:
- Bitcoin ETFs and Ethereum ETFs recorded their fourth consecutive day of negative flows.
- Ethereum ETFs logged $135.76 million in redemptions during the same period.
- Solana ETFs attracted $70.05 million, extending the positive flow streak to five days.
Bitcoin ETFs and Ethereum ETFs extended their losing streak to four consecutive trading days on November 3, with combined outflows exceeding $322 million. Bitcoin ETFs recorded $186.51 million in net redemptions, while Ethereum ETFs experienced $135.76 million in negative flows.
The persistent selling pressure contrasts sharply with Solana ETFs, which attracted $70.05 million in inflows.
Bitcoin ETFs Face Sustained Redemption Pressure Exceeding $1.3 Billion
Total net assets for Bitcoin ETFs declined to $143.51 billion with cumulative inflows of $61.00 billion as of November 3. The November 3 outflow of $186.51 million is the fourth consecutive negative session for Bitcoin ETFs.
BlackRock’s IBIT led redemptions at $186.51 million. The four-day losing streak began on October 29 with $470.71 million in outflows, followed by $488.43 million on October 30 and $191.60 million on October 31.
Combined redemptions over the four-day period totaled $1.337 billion, erasing the $202.48 million in positive flows recorded on October 28.
Most Bitcoin ETF providers showed zero flows on November 3. Fidelity’s FBTC, Grayscale’s GBTC and BTC, Ark & 21Shares’ ARKB, Bitwise’s BITB, VanEck’s HODL, Invesco’s BTCO, Valkyrie’s BRRR, Franklin’s EZBC, WisdomTree’s BTCW, and Hashdex’s DEFI recorded no daily inflows or outflows.
Bitcoin ETFs cumulative flows declined from $61.19 billion on October 31 to $61.00 billion on November 3. Total net assets fell from $147.73 billion to $143.51 billion over the same period.
Ethereum ETFs Record $135.76 Million in November 3 Outflows
Ethereum ETFs experienced $135.76 million in net redemptions on November 3, continuing the outflow trend that began on October 29.
The four-day negative streak includes $81.44 million on October 29, $184.31 million on October 30, $98.20 million on October 31, and $135.76 million on November 3.
Total outflows over the four-day period reached $499.71 million, overwhelming the $246.02 million in positive flows recorded on October 28.
Cumulative net inflows for Ethereum ETFs dropped from $14.37 billion on October 31 to $14.23 billion on November 3. Total net assets decreased from $26.02 billion to $24.02 billion during the same period.
Trading volume for Ethereum ETFs reached $2.51 billion on November 3. It is down from $1.61 billion on October 31 but elevated compared to the $2.09 billion on October 30 and $2.43 billion on October 29.
All major Ethereum ETF providers showed zero flows on November 3. That’s similar to the Bitcoin ETF pattern.
Solana ETFs Extend Winning Streak with Fifth Consecutive Positive Day
Solana ETFs attracted $70.05 million in inflows on November 3. This was the fifth straight trading day of positive flows since the products launched in late October.
The consistent inflows total $269.26 million cumulatively. Total net assets reached $513.35 million with trading volume of $67.59 million on November 3.
The five-day inflow streak includes $69.45 million on October 28, $47.94 million on October 29, $37.33 million on October 30, $44.48 million on October 31, and $70.05 million on November 3.
The pattern shows sustained rather than declining interest, with November 3 matching the October 28 launch day flows.
Solana ETFs benefited from recent launch momentum and investor appetite for exposure to alternative layer-1 blockchains.
The strong flows happened during a period when Solana’s price declined. In the last 24 hours, the Solana price fell as low as $156 from a 24-hour high of $176.
The post Bitcoin and Ethereum ETFs Log Fourth Day of Outflows, While Solana Extends Inflow Streak appeared first on The Market Periodical.
