November 7th proved to be a day where investors treated their Bitcoin ETFs like a buffet-except everyone left hungry. All 12 U.S. Bitcoin spot ETFs collectively shed $558.44 million, a number so large it makes me question if someone accidentally typed “558 million” instead of “558 thousand.” For context, that’s roughly the amount I’d spend on a house if I confused cryptocurrency with Monopoly money. 🏠💸
- Bitcoin spot ETFs saw $558M in outflows, led by Fidelity’s FBTC and BlackRock’s IBIT-because apparently, even Wall Street’s biggest names can’t keep their clients from fleeing like ants at a picnic.
- It was the second-largest single-day withdrawal since U.S. Bitcoin ETFs launched, which is impressive if you’re into dramatic exits and bad timing.
- Solana ETFs, meanwhile, are the class clowns, extending their inflow streak to nine days with $12.7M added on Nov 7. They’re basically the Energizer Bunny of crypto: “They just keep on taking your money.” 🐇📈
Fidelity’s FBTC led the exodus with $256.66 million in outflows-enough to buy a small island and name it after your ex. ARKB wasn’t far behind at $144.24 million, and BlackRock’s IBIT contributed $131.43 million, because nothing says “trust” like letting $130 million walk out the door mid-sentence. 🚪
This outflow follows a $240.03 million inflow on November 6, which now feels like a cruel joke. Cumulative net inflows still sit at $59.97 billion, but let’s be honest: that’s just the financial equivalent of a sinking ship saying, “Hey, look at how many people bought tickets!” ⛴️
Fidelity and BlackRock lead Bitcoin ETF withdrawals
Grayscale’s GBTC managed to lose $15.44 million, proving that even the most “grayscale” of funds can’t escape the neon lights of panic selling. Bitwise’s BITB lost $10.68 million, which is about what I’d pay to never hear the phrase “HODL” again. 🤢
Eight Bitcoin ETFs, including VanEck’s HODL and WisdomTree’s BTCW, recorded zero flow activity. I guess they’re taking a coffee break or just pretending to exist. ☕
The November 7 outflow is the second-largest since these funds debuted, trailing only the $577.74 million loss on November 4. If this were a movie, it’d be called ETFs: The Great Escape, and nobody would stick around for the sequel. 🎬
Total value traded hit $5.04 billion that day, with BlackRock’s IBIT still leading cumulative inflows at $64.32 billion. Fidelity’s FBTC trails at $12 billion, which is either a typo or a cry for help. 📉
Solana ETFs extend inflow streak to nine days
Solana’s spot ETFs added $12.69 million on November 7, extending their winning streak to nine days. They’re the underdogs who showed up to the party in a tuxedo and somehow stole the spotlight. 🕶️
Inflows began on October 28, and since then, these funds have been the crypto version of a viral TikTok trend-briefly popular, but who knows why. 🎵
Daily inflows ranged from $9.70 million to $70.05 million, with November 3’s $70.05 million spike making me wonder if someone bet their life savings on a coin flip. 🪙
Solana ETFs now manage $575.93 million in assets, with cumulative inflows at $335.71 million. Total value traded on November 7? A modest $46.04 million. It’s like a dinner party where everyone brings wine but no one brings appetizers. 🍷
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2025-11-08 19:23