Crypto ETF Flows: Bitcoin, Ethereum Down, Solana Up

  • Bitcoin spot ETFs saw a $1.22B outflow over the week.

  • Ethereum ETFs continued losing capital with $500M outflows.

  • Solana ETFs recorded $128M in inflows for the fourth straight week.

The week of November 17–21 (ET) saw significant movements in the crypto ETF space. Bitcoin and Ethereum, the two largest cryptocurrencies by market cap, experienced another round of heavy outflows from their spot ETFs. Bitcoin spot ETFs reported a net outflow of $1.22 billion, marking the fourth consecutive week of capital flight. Ethereum spot ETFs followed suit with $500 million in weekly outflows, now posting losses for the third week in a row.

This sustained trend suggests that investor confidence in the top two crypto assets—via traditional ETF vehicles—may be waning in the short term. Market volatility, regulatory concerns, or profit-taking strategies may be contributing to this shift.

Solana ETFs Buck the Trend With Growing Inflows

In contrast to the outflows from BTC and ETH ETFs, Solana (SOL) spot ETFs have shown impressive strength. Investors poured $128 million into Solana ETFs last week, marking the fourth week in a row of consistent inflows.

This sustained demand for Solana suggests growing investor confidence in its ecosystem and long-term potential. With its fast transaction speeds and lower costs, Solana continues to attract both retail and institutional interest, even as traditional crypto giants face pullbacks.

From November 17 to November 21(ET), Bitcoin spot ETFs saw a net outflow of $1.22 billion for the week, marking the fourth consecutive week of outflows. Ethereum spot ETFs had a net outflow of $500 million for the week, continuing three weeks of outflows. SOL spot ETFs… pic.twitter.com/64y3AUw77T

— Wu Blockchain (@WuBlockchain) November 24, 2025

What This Means for the Crypto Market

These shifting ETF flows highlight evolving investor preferences within the crypto space. While Bitcoin and Ethereum are still dominant, Solana’s rising inflows show a clear pivot toward alternative layer-1 networks. If this pattern continues, we could see a broader reallocation of capital within the crypto ETF market.

For investors, staying alert to these ETF trends can offer valuable signals about where institutional interest is heading next.

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