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Market snapshot: ETF redemptions deepen for BTC and ETH
Bitcoin and Ethereum exchange-traded funds (ETFs) extended a streak of net redemptions as market weakness intensified. Combined outflows for the two flagship assets topped $670 million, erasing earlier weekly gains and signaling mounting selling pressure among investors seeking regulated crypto exposure.
BTC and ETH funds register broad withdrawals
Bitcoin-focused ETFs recorded roughly $488 million in net outflows on October 30. Nearly every issuer reported money moving out, with the largest withdrawals at BlackRock’s IBIT and Ark & 21Shares’ ARKB, which saw outflows exceeding $290 million and $65 million respectively. The cumulative selling pressure pushed Bitcoin below the $110,000 psychological level, a move that heightened short-term volatility across the spot and derivatives markets.
Ethereum ETFs follow suit
Ethereum ETFs mirrored the trend, registering about $184 million in net redemptions. Most issuers experienced outflows, while Grayscale’s ETHE remained essentially flat. BlackRock’s ETHA led ETH-selling with roughly $118 million leaving the fund, and Bitwise’s ETHW recorded about $31 million in redemptions. The aggregate pressure nudged ether beneath the $4,000 mark, undermining short-term momentum for ETH.
Altcoin ETFs buck the trend — Solana, HBAR, Litecoin attract flows
Despite the pullback in Bitcoin and Ethereum ETFs, several newly launched mid-cap spot ETFs for altcoins posted steady inflows. Bitwise’s Solana spot ETF (BSOL), the first U.S. spot Solana ETF, debuted on the NYSE and quickly drew investor interest — registering over $36 million in daily net inflows and reaching roughly $155 million in cumulative net inflows in just three days.
HBAR and Litecoin show robust demand
Canary Capital’s Hedera (HBAR) ETF launched on Nasdaq around the same timeframe and pulled in nearly $30 million in initial inflows during opening sessions. Likewise, a new Litecoin spot ETF on Nasdaq has stayed in modestly positive territory since its debut. These inflows reflect growing appetite for diversified crypto exposure through regulated products beyond the largest market caps.
What the flows mean for investors and markets
The divergence between outflows from Bitcoin and Ethereum ETFs and inflows into Solana, HBAR, and Litecoin funds highlights a shift in institutional allocation strategies. With risk appetite narrowing, some investors are rotating capital toward regulated altcoin spot ETFs to capture potential upside and diversification benefits while still operating within familiar ETF wrappers.
Key drivers to watch
- Macro and rate expectations — central bank moves continue to influence risk-on/risk-off flows.
- ETF issuance and liquidity — new spot ETF listings can attract front-loaded demand.
- On-chain fundamentals — activity and network upgrades that support token narratives.
- Regulatory clarity — sustained institutional interest depends on predictable oversight for spot crypto ETFs.
As Bitcoin and Ethereum attempt to regain critical support levels, ETF flow data will remain a high-frequency indicator of institutional sentiment. The current pattern suggests that while flagship crypto ETFs face redemption pressure, targeted altcoin ETFs can still capture fresh capital from investors seeking regulated, exchange-traded access to broader crypto exposure.
Source: crypto
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