Bitcoin and Ethereum ETFs extended their losing streak for a second straight day as the broader crypto market faced renewed selling pressure. Bitcoin fell below the $110,000 mark, while Ethereum dropped under $4,000 — both breaking key psychological thresholds.
Bitcoin ETFs saw net outflows of $488 million on October 30, with nearly all issuers posting redemptions. BlackRock’s IBIT and Ark & 21Shares’ ARKB were hit hardest, seeing outflows of more than $290 million and $65 million, respectively, according to data from SoSoValue.
Ethereum ETFs mirrored the trend, registering $184 million in net outflows. All issuers saw redemptions except for Grayscale’s ETHE, which remained unchanged. BlackRock’s ETHA led losses with $118 million exiting the fund, followed by Bitwise’s ETHW, which saw $31 million in outflows.
The heavy redemptions pushed total weekly flows for both Bitcoin and Ethereum ETFs into negative territory, wiping out earlier gains and underscoring the market’s struggle to hold support levels.
Solana, HBAR, and Litecoin ETFs Defy the Downtrend
Despite the pullback in major assets, newly launched altcoin ETFs are seeing strong demand. Solana, HBAR, and Litecoin ETFs have all attracted fresh inflows this week, signaling a growing appetite for diversified crypto exposure.
Bitwise’s Solana ETF (BSOL), which debuted on the NYSE earlier this week as the first U.S. spot Solana ETF, has drawn significant interest — pulling in over $36 million in daily net inflows and reaching $155 million in cumulative inflows within three days.
Similarly, Canary Capital’s HBAR ETF, launched on Nasdaq around the same time, reported nearly $30 million in new inflows during its first trading sessions.
Meanwhile, the Litecoin ETF (LTCC), also newly listed on Nasdaq, has seen more modest yet positive net flows, maintaining traction despite broader market weakness.
Even as risk appetite tightens, these newer ETFs appear to be benefiting from investor rotation into emerging blockchain networks and alternative assets. Their resilience highlights a continued institutional push for regulated exposure beyond Bitcoin and Ethereum, suggesting that investor interest in crypto remains alive — just more selective.
