Bitcoin ETFs End Six-Day Outflow Streak, Ethereum Follows Suit

Bitcoin ETFs snapped a six-day outflow streak on November 6 and attracted $240.03 million in fresh inflows. The reversal came after six consecutive sessions of redemptions totaling $2.052 billion.

Ethereum ETFs followed a similar pattern. It recorded $12.51 million in positive flows after six straight days of outflows exceeding $837 million combined.

Bitcoin ETFs record $240.03M in net inflows

The $240.03 million in inflows on November 6 was the first positive session for Bitcoin ETFs since October 28. At that time, the products attracted $202.48 million.

BlackRock’s IBIT led the reversal with $112.44 million in net purchases, representing 1,110 BTC. Fidelity’s FBTC contributed $61.64 million for 609.67 BTC. Ark & 21Shares’ ARKB added $60.44 million, corresponding to 597.82 BTC.

Bitwise’s BITB recorded $5.50 million in inflows for 54.36 BTC. Grayscale’s GBTC and BTC, along with other Bitcoin ETF providers like VanEck, Invesco, and Valkyrie, reported no inflows. Franklin, WisdomTree, and Hashdex also recorded zero activity.

Investors withdrew $470.71 million on October 29 and $488.43 million on October 30. The outflows continued with $191.60 million on October 31 and $186.51 million on November 3.

They pulled another $577.74 million on November 4 and $137 million on November 5. November 4 was the worst single day with $577.74 million in redemptions. $375.49 million in IBIT outflows primarily drove this.

The cumulative flows of Bitcoin ETFs increased from $60.28 billion on November 5 to $60.52 billion on November 6. This represents an additional $240 million to the total. Net assets declined from $139.15 billion to $135.43 billion over the same period.

Ethereum ETFs break six-day losing streak with $12.51M inflows

Ethereum ETFs recorded $12.51 million in net inflows on November 6, ending six consecutive sessions of redemptions. The modest positive flows pale in comparison to the $837.66M withdrawn during the period from October 29 to November 5.

Cumulative net inflows increased from $13.90 billion to $13.91 billion. At the same time, total assets declined from $22.74 billion to $21.75 billion. Investors pulled $81.44 million on October 29 and $184.31 million on October 30.

They withdrew another $98.20 million on October 31 and $135.76 million on November 3. The outflow streak continued with $219.37 million on November 4 and $118.58 million on November 5.

November 4 was the worst single session, with $219.37 million in redemptions. It exceeded the redemptions on any other day in the sequence.

Solana ETFs extend perfect record to eighth consecutive session

Solana ETFs recorded $29.22 million in inflows on November 6. This marks the eighth consecutive trading session of positive flows since their launch in late October.

The intake is the third-largest daily flow during the streak. Cumulative inflows reached $323.02 million with total net assets of $538.38 million.

Investors added $69.45 million on October 28 and $47.94 million on October 29. They continued with $37.33 million on October 30, $44.48 million on October 31, and $70.05 million on November 3.

The streak extended with $14.83 million on November 4, $9.70 million on November 5, and $29.22 million on November 6. November 6 inflow represents a threefold increase from the previous day, indicating fresh buying interest.

Solana attracted consistent inflows during its perfect eight-day streak. Meanwhile, Bitcoin ETFs and Ethereum products faced six days of outflows, revealing shifting preferences among institutional allocators.