Solana, HBAR, and Litecoin ETFs Buck Market Panic as Bitcoin, ETH ETFs Suffer $800M in Outflows

Core Insights - The crypto market experienced significant losses on November 4, with Bitcoin dropping below $100,000 and Ethereum falling under $3,150, resulting in a total market capitalization loss of approximately $3.5 trillion, marking one of the worst single-day declines in recent months [1][2]. Bitcoin ETFs Performance - Bitcoin ETFs faced substantial outflows, recording $577 million in net outflows on November 4, marking their fifth consecutive day of losses [3]. - Fidelity's FBTC led the outflows with nearly $356 million withdrawn, while Ark & 21Shares' ARKB saw $128 million in exits [3][4]. - Other funds from Grayscale, VanEck, and Valkyrie also experienced losses ranging from $10 million to $50 million [4]. Ethereum ETFs Performance - Ethereum ETFs also suffered, with spot ETH ETFs recording $273.5 million in daily outflows on November 4, continuing a trend of five straight days of losses [8]. - BlackRock's iShares Ethereum Trust (ETHA) led the outflows with $111 million, followed by Grayscale with approximately $90 million in combined outflows [9]. Altcoin ETFs Resilience - In contrast to the major Bitcoin and Ethereum funds, altcoin ETFs linked to Solana, Hedera, and Litecoin attracted steady inflows, demonstrating investor confidence amid the broader market downturn [2][6]. - All three altcoin ETFs have seen net inflows every trading day, indicating a divergence from the trends observed in Bitcoin and Ethereum ETFs [6]. Market Sentiment Shift - Just weeks prior, Bitcoin ETFs were attracting over $2.7 billion in weekly inflows, but this enthusiasm has diminished rapidly, raising concerns about the sustainability of the market's bullish momentum [7]. - The tightening liquidity and wavering confidence have led even institutional investors to reassess their positions in the crypto market [10].