Bitcoin and Ethereum ETFs Experience Sustained Outflows as Solana and XRP ETFs See Inflows
The cryptocurrency market has witnessed a significant shift in investor sentiment, with Solana and XRP ETFs extending their inflow streak, while Bitcoin and Ethereum ETFs recorded outflows for the third and fourth consecutive days, respectively. According to data from SoSo Value, Bitcoin spot ETFs lost $492.11 million, and Ethereum spot ETFs recorded redemptions of $177.90 million on November 14.
Solana spot ETFs, on the other hand, maintained their inflow momentum, recording net inflows of $12.04 million on November 14. XRP ETFs, which launched on November 13, saw a strong debut with net inflows of $243.05 million on their second day of trading. This significant inflow into XRP ETFs is a notable development, given that the funds recorded zero inflows on their listing day.
Bitcoin ETFs Extend Outflow Series
Bitcoin spot ETFs have been experiencing a wave of outflows, with November 13 seeing the largest single-day withdrawal of $869.86 million. This was followed by outflows of $492.11 million on November 14 and $277.98 million on November 12. Prior to this, Bitcoin ETFs had recorded inflows of $523.98 million on November 11 and $1.15 million on November 10.
The cumulative total net inflow of all Bitcoin ETFs stands at $58.85 billion, with total net assets under management reaching $125.34 billion as of November 14.
Bitcoin ETF data: SoSo Value
Ethereum ETFs Record Consecutive Outflows
Ethereum spot ETFs have also been experiencing sustained outflows, with November 13 seeing the largest payout of $259.72 million. This was followed by outflows of $183.77 million on November 12, $177.90 million on November 14, and $107.18 million on November 11. The total cumulative net inflow for Ethereum ETFs is $13.13 billion, with total net assets under management reaching $20.00 billion as of November 14.
Solana Maintains Momentum, XRP ETFs Experience Strong Debut
Solana spot ETFs have been seeing consistent inflows since late October, with the funds recording $12.04 million on November 14, $1.49 million on November 13, and $18.06 million on November 12.
Solana ETF data: SoSo Value
The cumulative total net inflow for Solana ETFs reached $382.05 million, with total net assets under management reaching $541.31 million. XRP ETFs, which launched on November 13, recorded net inflows of $243.05 million on their second day of trading, with total net assets reaching $248.16 million after two trading days.
For more information on the latest developments in the cryptocurrency market, visit https://crypto.news/solana-and-xrp-etfs-extend-inflow-streak-while-bitcoin-etfs-bleed-492m/
