In truth, the adverse momentum continued on the 2nd of November, when $BTC ETFs recorded one other $398.6 million in internet outflows. On the third of November, nevertheless, the outflow momentum eased significantly, with complete withdrawals declining to $115.6 million.
In these three days, BlackRock’s IBIT alone accounted for $734 million in outflows, making it the largest contributor to the adverse development.
Did Ethereum ETFs echo Bitcoin ETFs’ momentum?
However, spot Ethereum [$ETH] ETFs continued to expertise persistent capital outflows for seven consecutive days from the twenty sixth of October to the third of November 2026. General, Ethereum spot ETFs recorded roughly $656.4 million in cumulative internet outflows.
Remarking on the identical, Bloomberg analyst James Seyffart mentioned,
Issues had been trying fairly good into the tip of September however a piece of that reversed course in October.
He additional added that the typical price foundation of ETF holdings stood at $3,182, in comparison with $ETH’s market worth of roughly $2,341, which left traders with combination unrealized losses of almost $3.47 billion.
Different altcoin ETF efficiency
In the meantime, on the altcoin entrance, XRP ETFs witnessed a $529.51K internet outflow on the 2nd of November.
Whereas, Binance [BNB] ETFs recorded internet outflows of $271.01K on third November. Hyperliquid [HYPE] spot ETFs, nevertheless, stood out with optimistic momentum, recording $605.08K in internet inflows on the identical day, following substantial outflows of $2.86 million a day earlier.
In distinction, Solana [SOL] spot ETFs recorded zero flows on each days.
Assessing different macroeconomic occasions
All this occurred amidst a troublesome macro backdrop, the place the U.S. Federal Reserve’s October choice to take care of rates of interest at 3.75%–4.00% ignited considerations about persistent inflation.
In the meantime, the third November U.S. midterm elections added to market warning, whereas a modest restoration within the U.S. greenback additional pressured dollar-denominated property.
Topping all of this was the Binance safety breach that triggered recent anxiousness throughout the cryptocurrency market, doubtlessly accelerating institutional withdrawals.
Ultimate Abstract
- As in comparison with $BTC ETFs, spot Ethereum ETFs had been in a a lot worse spot.
- But, the 24-hour worth hike of tokens means that traders are gearing up for momentum.
