Spot exchange-traded funds for Bitcoin and Ethereum recorded significant outflows on November 4, underscoring weakening investor sentiment toward the two largest cryptocurrencies. Bitcoin ETFs saw $566.4 million in net redemptions, while Ethereum funds lost $219.4 million.
The latest withdrawals extend a multi-day trend of capital flight from the leading digital asset funds, reflecting profit-taking and uncertainty around near-term market direction. Analysts note that institutional demand has cooled following strong inflows earlier in the quarter.
In contrast, Solana-based ETFs attracted $14.9 million in new inflows, continuing to outperform peers. The rotation suggests investors are diversifying into alternative blockchain assets amid shifting momentum in the broader crypto market.
