In the 9.5 hours since Binance resumed withdrawals, net outflows totaled $3.64 billion, or 2.1% of its $171 billion in assets. The ETF figures for that same week are in too: on Friday, the three ETFs together saw outflows of about $810 million—BTC ETF: -$643.2 million, ETH ETF: -$155.7 million, SOL ETF: -$10.8 million.
Putting the two side by side, $3.64 billion versus $810 million is a 4.5-fold difference. The $155.7 million outflow from the ETH ETF is only 1.3% of its cumulative $12.2 billion in inflows. The SOL ETF has seen outflows for five straight days, with just $72 million in outflows for the whole week, and only two days of net inflows in October.
Put simply, the difference is in the channels: exchange users can withdraw their funds at any time, and 2.1% flowed out in 9.5 hours. ETF money has to wait for the U.S. stock market to open and for settlement the next day, so it moves more slowly. Those $600 million in outflows don’t signal panic. $SOL is now at 94.96, down 0.85% over 24 hours. Keep an eye on the SOL ETF this week: if it fails to post daily net inflows above $20 million, Wall Street’s money hasn’t come back.
Putting the two side by side, $3.64 billion versus $810 million is a 4.5-fold difference. The $155.7 million outflow from the ETH ETF is only 1.3% of its cumulative $12.2 billion in inflows. The SOL ETF has seen outflows for five straight days, with just $72 million in outflows for the whole week, and only two days of net inflows in October.
Put simply, the difference is in the channels: exchange users can withdraw their funds at any time, and 2.1% flowed out in 9.5 hours. ETF money has to wait for the U.S. stock market to open and for settlement the next day, so it moves more slowly. Those $600 million in outflows don’t signal panic. $SOL is now at 94.96, down 0.85% over 24 hours. Keep an eye on the SOL ETF this week: if it fails to post daily net inflows above $20 million, Wall Street’s money hasn’t come back.
