Crypto ETFs just had a brutal week. Nearly $1.7 BILLION walked out the door across Bitcoin, Ethereum, Solana, HYPE, and XRP.
According to SoSoValue, spot crypto ETFs recorded heavy net outflows during November 2–6.
Weekly ETF flows:
Bitcoin: -$1.282B
BlackRock’s IBIT led outflows with -$1.209B.
Fidelity’s FBTC was the biggest winner, attracting +$93.1M.
Ethereum: -$365M
Sixth consecutive week of net outflows.
BlackRock’s ETHA alone lost -$346M.
Solana: -$26.25M
Bitwise’s BSOL led outflows with -$14.44M.
HYPE: -$15.62M
Third-largest weekly outflow in the product’s history.
Bitwise’s BHYP accounted for -$12.07M.
XRP: -$529.5K
Canary’s XRPC recorded the entire weekly outflow.
The biggest warning sign isn’t just Bitcoin’s $1.28B outflow. It’s Ethereum’s sixth consecutive week of withdrawals.
Institutional ETF demand is clearly facing pressure, although weekly flows alone don’t tell us whether investors are permanently exiting or simply repositioning.
BlackRock’s IBIT just had a $1.2B exit. Even institutional diamond hands apparently need a coffee break.
Is this institutional profit-taking, risk reduction, or the beginning of a deeper crypto ETF demand slowdown?
According to SoSoValue, spot crypto ETFs recorded heavy net outflows during November 2–6.
Weekly ETF flows:
Bitcoin: -$1.282B
BlackRock’s IBIT led outflows with -$1.209B.
Fidelity’s FBTC was the biggest winner, attracting +$93.1M.
Ethereum: -$365M
Sixth consecutive week of net outflows.
BlackRock’s ETHA alone lost -$346M.
Solana: -$26.25M
Bitwise’s BSOL led outflows with -$14.44M.
HYPE: -$15.62M
Third-largest weekly outflow in the product’s history.
Bitwise’s BHYP accounted for -$12.07M.
XRP: -$529.5K
Canary’s XRPC recorded the entire weekly outflow.
The biggest warning sign isn’t just Bitcoin’s $1.28B outflow. It’s Ethereum’s sixth consecutive week of withdrawals.
Institutional ETF demand is clearly facing pressure, although weekly flows alone don’t tell us whether investors are permanently exiting or simply repositioning.
BlackRock’s IBIT just had a $1.2B exit. Even institutional diamond hands apparently need a coffee break.
Is this institutional profit-taking, risk reduction, or the beginning of a deeper crypto ETF demand slowdown?