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Bitcoin Updates: Bitcoin ETFs See Outflows as Solana Picks Up Speed

Bitcoin Updates: Bitcoin ETFs See Outflows as Solana Picks Up Speed

Bitget-RWA2025/11/20 05:22
By:Bitget-RWA

- Bitcoin ETFs saw $75.4M net inflow led by BNY Mellon's IBIT , contrasting Ethereum ETFs' $37.4M outflow. - Abu Dhabi's ADIC tripled BlackRock IBIT holdings to $520M amid Bitcoin's 6-month price drop below $100K. - Solana ETFs gained $48.5M in 16-day streak, while BlackRock's IBIT faced record $523M outflow on Nov 19. - Analysts cite "mini bear market" from fading ETF inflows and weak macro signals, but note Solana staking and policy clarity as potential rebounds.

In trading yesterday,

spot ETFs experienced a net positive flow of $75.4 million. Of this, BNY Mellon's drew in $60.6 million. In contrast, spot ETFs saw investors pull out $37.4 million, . This comes against the backdrop of a three-week downturn for digital asset funds, which collectively lost $3.2 billion, . During the third quarter, the Abu Dhabi Investment Council (ADIC) nearly tripled its investment in BlackRock's IBIT, despite recent price swings in Bitcoin.

Bitcoin's value dipped below $100,000 for the first time in half a year, intensifying ETF redemptions.

on November 19, marking the highest since its launch in January 2024. Analysts linked the sell-off to a "mini bear market" , a lack of strong macroeconomic drivers, and reduced participation from long-term investors.
Bitcoin Updates: Bitcoin ETFs See Outflows as Solana Picks Up Speed image 0
At the same time, spot ETFs continued to attract investment, bringing in $48.5 million on November 20, .

This divergence in ETF flows underscored changing investor preferences. While Bitcoin and Ethereum ETFs faced challenges, Solana-based funds such as Bitwise's BSOL

since October 28. Canary Capital's XRP ETF also set a new record, . However, Bitcoin's recent price drop— —has raised fears of further declines, with technical signals pointing to a possible fall to $95.

Institutional appetite for crypto assets remained uneven. ADIC's increased IBIT holdings indicated rising adoption in the UAE, while

amid ongoing uncertainty about Federal Reserve actions. ETF expert Eric Balchunas observed that Bitcoin ETFs could see a "3.5% AUM reduction" . Still, some analysts maintained a cautiously positive outlook, and the prospect of improved macroeconomic conditions as potential drivers for recovery.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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