For the week of November 17 to 21, 2025, spot exchange-traded funds (ETFs) based on Bitcoin and Ethereum experienced a significant capital outflow, totaling $1.72 billion. This trend has continued for the fourth week for Bitcoin ETFs and the third consecutive week for Ethereum ETFs.
This is reported by Finway
Details of Capital Outflow from Spot Bitcoin ETFs
In the Bitcoin ETF segment, the largest losses were recorded in the following products:
- IBIT – $1.09 billion, marking the largest weekly outflow since late February 2025;
- FBTC – $115.68 million;
- GBTC – $172.33 million;
- BITB – $7.8 million;
- ARKB – $85.03 million;
- HODL – $63.22 million.
At the same time, some funds managed to attract investments. In particular, BTC received $274.2 million, BTCO – $35.8 million, and EZBC – $3.25 million. No movement of funds was recorded for the BRRR and BTCW funds.
Over the past month, the total net capital outflow from Bitcoin ETFs reached $4.35 billion, indicating a persistent negative market trend.
Trends in the Ethereum ETF Sector and Growth of Solana ETFs
In Ethereum-based ETFs, a capital outflow was also observed during the week. Specifically, the main losses were recorded in:
- ETHA – $558.98 million;
- ETHE – $31.82 million;
- ETHV – $14.08 million.
At the same time, several Ethereum funds attracted investments:
- FETH – $1.88 million;
- ETH – $80.88 million;
- ETHW – $14.19 million;
- EZET – $4.76 million;
- QETH – $2.93 million.
No changes in capital were noted for the TETH fund. The negative trend in the Ethereum ETF sector has persisted for three consecutive weeks.
Despite the capital outflow from major cryptocurrency ETFs, the sector of new spot Solana ETFs is showing a steady inflow of funds. For 19 consecutive days, these funds have attracted investments, with approximately $128 million received in the last week alone.
The capital outflow from spot Bitcoin and Ethereum ETFs is likely driven by market turbulence. Furthermore, the rebalancing of institutional investors’ portfolios may also be influencing the situation.
Thus, the main factors contributing to the decline in investments in cryptocurrency ETFs are market volatility and changes in the strategies of institutional players. In contrast, Solana ETFs remain attractive to investors, demonstrating positive trends in fund attraction.