U.S. Bitcoin spot ETFs saw significant investor withdrawals on November 7, marking one of their largest single-day outflows since launch. Meanwhile, Solana ETFs continued to attract steady inflows for a ninth consecutive day, underscoring a growing divergence in investor sentiment between major digital asset funds.
Bitcoin ETF outflows hit second-largest daily total
All 12 U.S. spot Bitcoin ETFs collectively recorded $558.44 million in outflows on Thursday, data showed. Fidelity’s FBTC led the withdrawals with $256.66 million leaving the fund, followed by ARK 21Shares’ ARKB with $144.24 million and BlackRock’s IBIT with $131.43 million.
The outflow came just a day after Bitcoin ETFs registered $240.03 million in inflows on November 6, highlighting heightened volatility in institutional positioning. Despite recent withdrawals, cumulative total net inflows across all Bitcoin ETFs still stand at $59.97 billion, with combined assets under management (AUM) at $138.08 billion as of November 7.
Grayscale’s GBTC posted $15.44 million in outflows, while Bitwise’s BITB saw $10.68 million leave. Eight other funds including VanEck’s HODL, Invesco’s BTCO, Valkyrie’s BRRR, Franklin’s EZBC, WisdomTree’s BTCW, and Hashdex’s DEFI recorded no flow activity for the day.
The November 7 session marked the second-largest single-day withdrawal since U.S. Bitcoin ETFs began trading, trailing only the $577.74 million outflow recorded on November 4. Trading activity remained elevated, with total Bitcoin ETF volume reaching $5.04 billion.
BlackRock’s IBIT continues to lead the sector in cumulative inflows at $64.32 billion, followed by Fidelity’s FBTC at $12.00 billion.
Solana ETFs maintain strong inflow momentum
In contrast to Bitcoin, Solana (SOL) ETFs extended their inflow streak to nine straight days, adding $12.69 million on November 7. Daily inflows during this period have ranged between $9.70 million and $70.05 million, with the highest single-day inflow of $70.05 million recorded on November 3.
The consistent buying activity has lifted total Solana ETF AUM to $575.93 million, with cumulative net inflows now at $335.71 million. Trading volumes also surged to $46.04 million on November 7, up from $27.95 million the previous day, according to data from SoSo Value.
The diverging flow patterns between Bitcoin and Solana ETFs highlight shifting investor preferences as markets weigh short-term volatility against emerging opportunities in alternative layer-1 ecosystems.
