Key Takeawayst
- Solana, HBAR, and Litecoin ETFs buck the market trend with steady inflows.
- Bitcoin and Ethereum ETFs bleed over $800 million in combined outflows.
- All three altcoin ETFs have seen net inflows every single trading day so far.
The crypto market was drenched in red on Nov. 4, as Bitcoin (BTC) slipped below the symbolic $100,000 mark and Ethereum (ETH) plunged under $3,150.
The sell-off erased roughly $3.5 trillion from the market’s total capitalization, one of the worst single-day routs in recent months.
Yet amid the bloodbath, something unexpected happened: altcoin ETFs quietly thrived.
While major Bitcoin and Ethereum funds saw money pour out at record levels, newer ETFs tied to Solana (SOL), Hedera (HBAR), and Litecoin (LTC) managed to attract fresh capital, a surprising vote of confidence in the middle of a market-wide meltdown.
Bitcoin ETFs Lead the Sell-Off
Bitcoin ETFs bore the brunt of Monday’s sell-off.
According to SoSoValue data, they recorded $577 million in net outflows on Nov. 4 alone — marking their fifth straight day in the red.
Fidelity’s FBTC led the exodus, with nearly $356 million withdrawn, while Ark & 21Shares’ ARKB saw another $128 million in exits.
Funds from Grayscale, VanEck, and Valkyrie also suffered, each losing between $10 million and $50 million.
The rest of the group, including smaller issuers, saw no new inflows or outflows.
Just a few weeks ago, Bitcoin ETFs were the crown jewel of institutional crypto exposure, attracting more than $2.7 billion in weekly inflows before the mid-October crash.
Now, that enthusiasm has evaporated almost overnight, leaving many wondering if the market’s bull engine has finally run out of fuel.
Ethereum ETFs Follow Suit
Ethereum didn’t fare much better. Spot ETH ETFs recorded $273.5 million in daily outflows on Nov. 4 — marking the fifth straight day of losses, similar to Bitcoin.
The outflows come as ETH’s price plunged below $3,150, wiping out its year-to-date gains after briefly touching a record high above $4,900 earlier this fall.
BlackRock’s iShares Ethereum Trust (ETHA) led the pack with $111 million in redemptions, followed by Grayscale, which recorded roughly $90 million in combined outflows across its two Ethereum products.
Fidelity’s FETH wasn’t immune either, shedding another $20 million. Most other issuers ended the session flat, reporting no inflows or outflows.
Just weeks ago, Ethereum ETFs were being hailed as the next big institutional gateway into decentralized finance.
Now, as liquidity tightens and confidence wavers, even the market’s “smart money” seems to be taking a step back.
Altcoin ETFs Quietly Build Momentum
In contrast, the new generation of altcoin ETFs is quietly gaining traction.
Launched in the final week of October, the Solana, HBAR, and Litecoin ETFs were initially met with skepticism after a sluggish debut.
But as larger funds stumbled, these underdogs found their stride.
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Solana ETFs: +$14.3 million in net inflows
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HBAR ETF: +$1.7 million in inflows
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Litecoin ETF: +$200,000 in inflows
Remarkably, all three have logged positive inflows every trading day since launch — a feat even Bitcoin can’t claim right now.
For investors, these small but consistent inflows hint at a growing appetite for diversification beyond the market’s “digital gold” and “digital oil.”
