All 12 Bitcoin ETFs see outflows totaling $558M, Solana extends inflow streak to day nine

All 12 U.S. Bitcoin spot ETFs recorded outflows totaling $558.44 million on November 7. This was one of the largest single-day withdrawals since the funds launched.

Summary

• Bitcoin spot ETFs saw $558M in outflows, led by Fidelity’s FBTC and BlackRock’s IBIT.
• It was the second-largest single-day withdrawal since U.S. Bitcoin ETFs launched.
• Solana ETFs extended their inflow streak to nine days with $12.7M added on Nov 7.

Fidelity’s FBTC led the outflow with $256.66 million in outflows, followed by ARKB at $144.24 million and BlackRock’s IBIT at $131.43 million.

The outflow comes after Bitcoin (BTC) spot ETFs saw a $240.03 million inflow on November 6. Cumulative total net inflow across all Bitcoin ETFs stands at $59.97 billion. Total net assets under management reached $138.08 billion as of November 7.

Fidelity and BlackRock lead Bitcoin ETF withdrawals

Grayscale’s GBTC recorded $15.44 million in outflows, while Bitwise’s BITB saw $10.68 million leave the fund.

Eight Bitcoin ETFs, including Grayscale’s BTC, VanEck’s HODL, Invesco’s BTCO, Valkyrie’s BRRR, Franklin’s EZBC, WisdomTree’s BTCW, and Hashdex’s DEFI, recorded zero flow activity.

The November 7 outflow is the second-largest single-day withdrawal in recent trading sessions. On November 4, Bitcoin ETFs recorded $577.74 million in outflows. The funds have posted mixed results over the past week, alternating between inflows and outflows.

Total value traded across all Bitcoin ETFs reached $5.04 billion on November 7. BlackRock’s IBIT maintained the highest cumulative net inflow at $64.32 billion, followed by Fidelity’s FBTC at $12.00 billion.

Solana ETFs extend inflow streak to nine days

Solana (SOL) spot ETFs recorded $12.69 million in inflows on November 7 and extended their consecutive inflow streak to nine trading days.

The funds have attracted steady interest since October 28, when inflows began the current run.

Solana ETF data: SoSo Value

Daily inflows during the nine-day period ranged from $9.70 million to $70.05 million. November 3 posted the highest single-day inflow at $70.05 million.

Total net assets under management for Solana ETFs reached $575.93 million as of November 7.

Cumulative total net inflow across all Solana ETFs stands at $335.71 million. Total value traded hit $46.04 million on November 7, up from $27.95 million the previous day.

Source: https://crypto.news/all-12-bitcoin-etfs-see-outflows-totaling-558m/