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

Bitget App

Trade smarter

Bitget

News

Markets

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,

Bitcoin

spot ETFs experienced a net positive flow of $75.4 million. Of this, BNY Mellon's

IBIT

drew in $60.6 million. In contrast,

Ethereum

spot ETFs saw investors pull out $37.4 million,

with $24.6 million withdrawn from BNY Mellon's ETHA

. This comes against the backdrop of a three-week downturn for digital asset funds, which collectively lost $3.2 billion,

including $2.1 billion in outflows from BlackRock's IBIT alone

. During the third quarter, the Abu Dhabi Investment Council (ADIC) nearly tripled its investment in BlackRock's IBIT,

amassing $520 million in holdings

despite recent price swings in Bitcoin.

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

BlackRock's IBIT experienced a record $523 million in daily outflows

on November 19, marking the highest since its launch in January 2024. Analysts linked the sell-off to a "mini bear market"

triggered by waning ETF inflows

, a lack of strong macroeconomic drivers, and reduced participation from long-term investors.

At the same time,

Solana

spot ETFs continued to attract investment, bringing in $48.5 million on November 20,

marking 16 straight days of inflows

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

saw growing interest, accumulating $420 million in total inflows

since October 28. Canary Capital's XRP ETF also set a new record,

achieving $245 million in net inflows on its first day

. However, Bitcoin's recent price drop—

down 5.79% over the past week

—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

BlackRock's ETF outflows signaled a broader shift in risk appetite

amid ongoing uncertainty about Federal Reserve actions. ETF expert Eric Balchunas observed that Bitcoin ETFs could see a "3.5% AUM reduction"

if November redemptions surpass $3.56 billion

. Still, some analysts maintained a cautiously positive outlook,

pointing to Solana's staking-focused ETFs

and the prospect of improved macroeconomic conditions as potential drivers for recovery.

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.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

- Ethereum fell to $2,870, a key support level, amid Fed policy uncertainty and macroeconomic fears. - Technical analysis suggests stabilization near $2,800 as retail traders sell while large holders accumulate. - Declining forced liquidations and rising short positions hint at potential short squeeze risks. - Trump's 2026 tariff plans and Fed liquidity delays add uncertainty to crypto's near-term outlook.

Bitget-RWA•2025/11/21 11:58

Ethereum News Today: Ethereum Faces the $2,800 Test—Will It Hold Steady or Falter?

Hacker's $398K Cryptocurrency Theft Triggers Worldwide Call for Tighter Digital Asset Regulations

- Indonesian authorities arrested HS for exploiting Markets.com's vulnerability to steal $398,000 in crypto using fake Indonesian IDs. - The case exposed critical security flaws in crypto platforms, prompting global calls for stricter regulations and cross-border enforcement cooperation. - UK and US joint operations targeting crypto fraud intensified, with the UK imposing new consumer protection rules for exchanges. - Authorities seized 266,801 USDT from HS's wallet, now facing up to 15 years in prison for

Bitget-RWA•2025/11/21 11:58

Hacker's $398K Cryptocurrency Theft Triggers Worldwide Call for Tighter Digital Asset Regulations

Bitcoin News Update: Tether Connects Conventional Finance and Blockchain Through Expansion in Latin America

- Tether invests in Parfin to boost USDT adoption in Latin America via custody, trading, and blockchain settlement tools. - The partnership targets cross-border payments, RWA tokenization, and institutional credit markets, aligning with Tether's finance-bridge mission. - Latin America's $1.5T crypto volume in 2025 positions the region as critical for scaling institutional blockchain solutions. - Tether's strategy counters regulatory shifts like Brazil's proposed stablecoin transaction tax, positioning USDT

Bitget-RWA•2025/11/21 11:58

Bitcoin News Update: Tether Connects Conventional Finance and Blockchain Through Expansion in Latin America

The Downfall of ChainOpera AI Token: A Warning Story for AI-Based Cryptocurrency Initiatives

- ChainOpera AI (COAI) token's 96% collapse in late 2025 highlights systemic risks in AI-integrated blockchain projects, including centralized governance, technical flaws, and regulatory ambiguity. - Centralized control by ten wallets (87.9% supply) and untested AI algorithms exacerbated liquidity crises, failing to stabilize algorithmic stablecoins like xUSD and deUSD. - 2025 data shows 270% surge in AI-related technical vulnerabilities, while U.S. CLARITY Act ambiguity worsened investor uncertainty amid

Bitget-RWA•2025/11/21 11:58