Bitcoin and Ethereum ETFs are posting persistent outflows as market pressure continues.
Summary
- Bitcoin and Ethereum ETFs extended their outflow streak, with combined redemptions surpassing $670 million as both assets fell below key price levels.
- In contrast, mid-cap crypto ETFs for Solana, HBAR, and Litecoin attracted steady inflows following new listings on major U.S. exchanges.
- The divergence highlights growing investor interest in diversified crypto exposure even as flagship assets face mounting selling pressure.
Bitcoin and Ethereum ETFs extended their losing streak for a second day as the market grapples with fresh downside. Bitcoin is now trading below $110,000 while Ethereum has slipped beneath $4,000, marking sharp psychological breaks for both assets.
For Bitcoin (BTC) ETFs, net outflows hit $488 million on October 30, with nearly every listed issuer seeing money move out except for a handful which remained flat. The biggest losses were posted by BlackRock’s IBIT and Ark & 21Shares’ ARKB, each suffering outflows north of $290 million and $65 million respectively, per data from SoSoValue.
Ethereum (ETH) ETFs mirrored this trend, recording $184 million in net outflows. Every issuer posted redemptions except for Grayscale’s ETHE which stayed flat. BlackRock’s ETHA led the pack with a $118 million outflow, followed by Bitwise’s ETHW with $31 million leaving the fund.
Total weekly flows for both assets swung negative, nullifying positive momentum from earlier in the week and underscoring the market’s struggle to hold key levels.
Solana, HBAR, and Litecoin ETFs defy negative trend
Still, while Bitcoin and Ethereum ETF flows remain under pressure, not all exchange-traded crypto funds are seeing the same sell-off. The newly-launched Solana (SOL), HBAR (HBAR), and Litecoin (LTC) ETFs are bucking the trend this week, drawing steady inflows while the major caps continue to face outflows.
Bitwise launched its Solana ETF (BSOL) on the NYSE earlier this week, marking the first spot Solana ETF in the U.S. The debut has spurred strong interest, with the fund pulling in over $36 million in daily net inflows and pushing its cumulative net inflow to $155 million in just 3 days.
HBAR followed closely, with Canary Capital’s HBAR ETF going live on Nasdaq around the same time. In its opening sessions, HBAR ETF reported nearly $30 million in fresh inflows, building momentum as the broader market corrected.
Litecoin also made its ETF debut on Nasdaq this week, capping a run of new spot product launches across multiple altcoins. While aggregate flows for LTCC have been relatively modest so far, the new product is holding net positive territory.
With risk appetite narrowing, these ETFs have managed to attract steady fresh capital despite the volatile backdrop. The resilience comes as investors look to diversify beyond the biggest names, highlighting continued institutional demand for regulated crypto access.
