- Bitcoin and Ethereum ETFs faced heavy weekly outflows, led by IBIT and Grayscale products, showing broader derisking across major assets.
- Solana and XRP ETFs posted strong inflows, showing targeted demand for altcoins despite wider redemptions in Bitcoin and Ethereum funds.
- One of the largest single-day BTC ETF outflows indicated cooling institutional activity, aligning with global ETP withdrawal trends.
U.S. crypto exchange-traded funds recorded notable movements last week, as spot Bitcoin and Ethereum products posted heavy redemptions while Solana ETFs attracted fresh inflows.
From November 10 to 14, spot Bitcoin ETFs saw $1.11 billion in net weekly outflows, according to SoSoValue. Spot Ethereum ETFs followed with $729 million exiting, marking the third-largest weekly withdrawal on record.
At the same time, spot Solana ETFs continued a three-week inflow streak with $46.34 million entering the market. The contrasting flows showed a period of broad repositioning as investors responded to volatile trading conditions and changing demand across major digital assets.
Bitcoin and Ethereum ETFs Weekly Outflows
The redemptions centered on Bitcoin funds, which faced their third straight week of withdrawals. BlackRock’s IBIT led the declines with $532.41 million exiting, according to SoSoValue.
Grayscale’s Bitcoin Mini Trust followed with nearly $290 million in weekly redemptions as of November 14. These movements pushed the total net asset value of U.S. spot Bitcoin ETFs to $125.34 billion.
Moreover, the combined products held 6.67% of Bitcoin’s market cap during the period. The continued outflows extended into Friday, when U.S. Bitcoin ETFs again logged substantial redemptions, based on data from Farside Investors.
IBIT posted the largest withdrawal, while smaller issuers such as Fidelity and WisdomTree also recorded negative flows.
Solana and XRP ETF Fresh Weekly Inflows
While Bitcoin and Ethereum ETFs declined, several altcoin products moved in the opposite direction. Spot Solana ETFs added $46.34 million last week, marking the third consecutive inflow.
XRP products also gained $243.5 million, according to market data. These inflows followed rising activity within each asset’s ecosystem. Solana continued to see broader development interest, while XRP maintained steady demand within payments-focused use cases.
These trends supported a clearer separation between inflow targets and outflow pressures across the ETF sector.
Broader Cooling in Institutional Activity
Friday’s withdrawals capped a volatile week that included one of the largest single-day Bitcoin ETF outflows since launch. CoinShares’ recent global ETP data also showed declines in both Bitcoin and Ether products, showing broader derisking across digital asset investment assets.
