Ether, Solana ETFs See Strong Inflows as Bitcoin Retreats

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6 hours ago

Bitcoin ETFs Fall Back Into Red With $151 Million Outflow

The market opened the new week with a familiar narrative: uncertainty swirling around bitcoin exchange-traded funds (ETFs), renewed optimism lifting ether ETFs, and a still-growing wave of demand behind solana ETFs. It was a day where the direction of flows told the entire story, and each asset class played its part with surprising clarity.

After a brief reprieve on Friday, bitcoin ETFs fell back into outflows on Monday, Nov. 24, with a $151.08 million retreat. The day was overwhelmingly shaped by Blackrock’s IBIT, which posted a massive $149.13 million exit, effectively dictating the market direction on its own.

Additional outflows came from ARK & 21Shares’ ARKB, shedding $11.65 million, and Bitwise’s BITB, which slipped by $5.79 million. There was a small counterbalance: Fidelity’s FBTC brought in $15.49 million, but it barely dented the broader negative momentum. Trading activity remained strong at $5.44 billion, while net assets dropped to $116.20 billion, reflecting the renewed outflow pressure.

Ether, Solana ETFs See Strong Inflows as Bitcoin Retreats

First consecutive days of inflows for ether ETFs over the past two weeks.

For ether ETFs, it was a sharp recovery from last week’s weakness, delivering a solid $96.99 million net inflow. The day belonged to Blackrock’s ETHA, which brought in a commanding $92.61 million, lifting sentiment across the board. Grayscale’s Ether Mini Trust added another $9.81 million, and 21Shares’ TETH contributed $742,320.

A pair of modest outflows of $4.26 million from Bitwise’s ETHW and $2.23 million from Fidelity’s FETH failed to meaningfully offset the surge of capital. Total trading volume reached $1.54 billion, with net assets climbing to $18.44 billion.

Read more: Bitcoin Bleeds, Ether Struggles, Solana Shines in Weekly ETF Flows

Solana ETFs delivered yet another strong day, securing $57.99 million in inflows and extending a multi-week streak of green. The leader, once again, was Bitwise’s BSOL, drawing in $39.47 million.

Fidelity’s FSOL added $9.74 million, Grayscale’s GSOL brought in $4.66 million, and Vaneck’s VSOL contributed $3.14 million. 21Shares’ TSOL rounded out the group with a steady $970,540 inflow. Total value traded reached $62.25 million, and net assets surged to $843.81 million, marking another milestone for the growing solana ETF segment.

The sustained demand for solana ETFs has seen the asset class attract over $550 million in net inflows since launch. Bohdan Opryshko, co-founder and COO of Everstake, an institutional staking company, says solana is being prioritized due to its native staking yields.

Institutional and retail segments are treating solana as a yield-generating asset rather than a speculative trade, a behavioral alignment driven by native staking rewards. For a growing part of the market, staking yield has become a primary driver of allocation.

As the week begins, the contrast is unmistakable: bitcoin stumbles, ether rebounds, and solana continues to shine.

FAQ📊

  • Why did bitcoin ETFs start the week with losses?
    Bitcoin ETFs saw a $151 million outflow driven mainly by large withdrawals from Blackrock’s IBIT.
  • What fueled the strong rebound in ether ETFs?
    Ether ETFs surged with nearly $97 million in inflows, led by Blackrock’s ETHA attracting major capital.
  • Why are solana ETFs continuing to climb?
    Solana ETFs extended their multi-week inflow streak with $58 million, highlighting sustained investor confidence.
  • What does this divergence mean for the market?
    The split in flows shows investors rotating away from bitcoin toward faster-growing assets like ether and solana.

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