Some weeks unfold slowly; others tell the story of a market shifting beneath the surface. November 10–14 delivered the latter, with bitcoin and ether exchange-traded funds (ETFs) facing relentless pressure while solana quietly extended its winning streak. The contrast was striking, especially as major funds saw billions in assets rotate out.
Spot bitcoin ETFs recorded a $1.11 billion net outflow, marking their third consecutive negative week and the second billion-dollar outflow in succession. Ether ETFs saw $729 million pulled from the ecosystem, marking their third-largest weekly exit in history. Meanwhile, solana ETFs stood alone in the green, collecting $46.34 million in fresh inflows.
Blackrock’s IBIT suffered the heaviest damage of the week, bleeding -$532.41 million as institutional selling concentrated almost entirely in the fund’s massive liquidity pool. Grayscale’s Bitcoin Mini Trust posted a steep -$289.92 million outflow, while its GBTC fund saw a -$112.64 million exit over the week. Fidelity’s FBTC also endured significant weakness, closing the week with -$88.99 million in redemptions.
Bitwise’s BITB wasn’t spared either, finishing the period with -$38.61 million in redemptions, while Invesco’s BTCO faced a tough correction with -$30.80 million in exits. Vaneck’s HODL closed the week with a modest -$8.34 million outflow, while Valkyrie’s BRRR shed -$3.05 million.
Wisdomtree’s BTCW saw a single-day pullback amounting to -$6.03 million, as Franklin’s EZBC also saw net selling pressure, giving up -$5.69 million. Ark & 21Shares’ ARKB, however, saw a slim $1.68 million inflow, a lone bright spot among BTC products. In total, the twelve spot bitcoin ETFs collectively registered -$1.11 billion in redemptions.
Ether ETF Flows
Blackrock’s ETHA was at the center of ether’s losses, surrendering a massive -$421.37 million for the week. Grayscale’s Ether Mini Trust added another -$135.37 million in redemptions, and ETHE contributed further to the downturn with -$121.89 million. Fidelity’s FETH wasn’t spared either, recording $37.30 million in exits across the period.
Bitwise’s ETHW saw a smaller but still meaningful -$4.44 million outflow, Invesco’s QETH saw -$4.42 million in exits, and Vaneck’s ETHV rounded out the week with -$3.78 million in losses. Altogether, the nine ether ETFs combined for a -$729 million weekly outflow, leaving not a single product in the green.
Read more: Bitcoin and Ether ETFs Log Third-Largest Weekly Outflows on Record
Solana ETF Flows
Solana ETFs once again separated themselves from the broader trend. Bitwise’s BSOL led the charge with a strong $33.97 million inflow, continuing its run as the category’s dominant liquidity magnet. Grayscale’s GSOL added another $12.37 million, marking the newly launched product’s best weekly showing yet. Together, these flows pushed solana to a $46.34 million net weekly inflow, its third straight week of gains.
In a week defined by heavy selling across bitcoin and ether products, solana emerged as the lone bright spot. The sharp divergence underscores a deeper shift in investor behavior: capital isn’t exiting crypto, it’s rotating, concentrating in assets showing momentum and narrative strength.
FAQ📉
- Why did bitcoin and ether ETFs post another red week?
BTC and ETH ETFs saw a combined $1.84 billion in outflows as investors continued rotating out of major assets. - Which funds were hit hardest during the sell-off?
Blackrock’s IBIT and ETHA led the week’s withdrawals, accounting for the largest share of redemptions. - How did solana ETFs perform amid the broader weakness?
Solana ETFs secured $46 million in inflows, marking their third consecutive positive week. - What does this divergence signal for the crypto ETF market?
Capital is shifting toward assets with stronger momentum, showing rotation rather than a full market retreat.
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