Solana ETFs Rally for Sixth Day as Bitcoin, Ethereum See Outflows

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Derived from TheMarketPeriodical, Solana ETFs recorded $14.83 million in inflows on November 4, marking the sixth consecutive positive day. Bitcoin ETFs saw $577.74 million in outflows, the fifth straight day of redemptions, while Ethereum ETFs logged $219.37 million in outflows, also for five days. Solana ETFs have attracted $284.09 million in cumulative inflows, with total net assets reaching $488.80 million. Bitcoin ETFs, including Fidelity’s FBTC and Ark & 21Shares’ ARKB, faced significant redemptions, with Fidelity’s fund alone losing $356.58 million. Ethereum ETFs also saw a decline in total net assets to $21.12 billion from $24.02 billion. Solana ETFs maintained momentum despite a broader market downturn, with Bitcoin and Ethereum prices falling 2.32% and 4.11%, respectively, over the past 24 hours.

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