Bitcoin ETFs See $372M Outflow; Ethereum Follows with $74M in Redemptions

Bitcoin ETFs saw $372.77 million in net outflows on November 18, and it was another day of institutional selling pressure.

Data from SoSoValue shows Ethereum ETFs followed with $74.22 million in redemptions. The dual outflow event comes as crypto prices continue consolidating following recent highs.

The Bitcoin ETF outflows pushed cumulative total net inflows to $58.22 billion. Trading volume reached $5.84 billion on November 18.

Bitcoin ETFs Face Fourth Consecutive Day of Outflows

The $372.77 million outflow on November 18 extends a four-day negative streak for Bitcoin ETFs. November 13 saw $869.86 million exit the products.

November 14 recorded $492.11 million in outflows. November 17 brought another $254.51 million withdrawal. The four-day total reaches approximately $1.99 billion in redemptions.

Only one day in this recent period showed positive flows. November 11 brought $523.98 million in net inflows before the selling resumed.

November 12 recorded $277.98 million in outflows before the brief positive day. The cumulative figure dropped from $60.49 billion on November 11 to $58.22 billion by November 18. This is a $2.27 billion decline in cumulative inflows over the seven-day period.

BlackRock IBIT Leads Provider Outflows

BlackRock’s IBIT product recorded the largest single-day outflow at $523.15 million on November 18. The fund trades on NASDAQ and maintains cumulative net inflows of $63.12 billion. Daily Bitcoin inflows for IBIT reached negative 5.63K BTC.

Grayscale’s BTC product on NYSE showed positive flows of $139.63 million. The fund added 1.50K Bitcoin during the session. Cumulative net inflows for the Grayscale BTC product reached $1.82 billion. The positive premium stood at 0.01% on November 18.

Other Bitcoin ETFs showed minimal activity on the day. Fidelity’s FBTC on CBOE recorded zero flows. Grayscale’s GBTC on NYSE also showed zero flows.

The pattern repeated across most other providers, including Ark & 21Shares ARKB, Bitwise BITB, VanEck HODL, Franklin EZBC, and Invesco BTCO.

WisdomTree’s BTCW on CBOE maintained zero flows. Hashdex DEFI on the NYSE recorded minimal negative flows of $1.45 million.

Ethereum ETFs See $74.22M in Redemptions

Ethereum ETFs recorded $74.22 million in net outflows on November 18. The figure brings cumulative total net inflows to $12.88 billion. Total net assets across Ethereum ETF products reached $20.30 billion. Trading volume hit $2.54 billion for the day.

BlackRock’s ETHA product on NASDAQ led Ethereum outflows with $165.07 million in redemptions. Daily Ethereum inflows for ETHA showed a negative 52.61K ETH. Cumulative net inflows for the product stand at $13.09 billion.

Grayscale’s ETH product on NYSE provided a counterbalance with $62.39 million in positive flows. The fund added 19.89K Ethereum during the session. Cumulative net inflows reached $1.42 billion. The product trades at a 0.07% discount to net asset value.

Bitwise’s ETHW on NYSE recorded $19.10 million in inflows, adding 6.09K Ethereum. Cumulative flows for the product reached $404.21 million. VanEck’s ETHV on CBOE showed $4.59 million in positive flows. Franklin’s EZET brought in $4.76 million.

Fidelity’s FETH on CBOE and Grayscale’s ETHE on NYSE both showed zero flows on November 18. 21Shares TETH on CBOE and Invesco QETH maintained zero activity.

Solana ETFs Maintain Positive Rally

While Bitcoin ETFs and Ethereum products faced selling pressure, Solana ETFs continued their positive streak. The products recorded $30.09 million in net inflows on November 18. Cumulative total net inflows reached $420.40 million. Trading volume hit $73.14 million for the day.

Total net assets for Solana ETFs grew to $593.73 million. The figure shows growth from $513.35 million on November 3. The 14-day period brought over $120 million in new capital into Solana-based exchange-traded funds.

On November 17, $8.26 million flowed into Solana ETFs. November 14 recorded $12.04 million in inflows. November 6 shows the peak with $29.22 million in single-day inflows.

The divergent flows across Bitcoin ETFs, Ethereum products, and Solana funds reveal different institutional approaches to cryptocurrency exposure.

Solana’s continued positive flows during a period of Bitcoin ETF and Ethereum selling suggest some institutional capital is rotating.