Key Takeaways:
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Spot Bitcoin and Ethereum Exchange-Traded Funds (ETFs) recorded a combined $1.7 billion in weekly inflows.
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Solana and a select few altcoins continue to attract steady inflows despite market weakness.
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Onchain data shows that large whales are hoarding BTC, keeping BTC prices above the $100,000 level.
Spot Bitcoin (BTC) and ether (Eth) Exchange-traded funds (ETFs) faced another week of heavy redemptions, extending a trend of investor caution. From November 3 to Nov.
According to cryptoquant CEO Ki Young Ju, Blackrock’s stake is lone accounted For $ 570 million of Bitcoin outflows, the largest in nine months, as investors repositioned amid revenue considerations and tax considerations.
In contrast, the Spot Solana ETFS attracted $137 million in inflows during the same period, led by the BSOL ETF bitwise with $127 million, highlighting a selective shift toward high-performing altcoin exposure.
More extensive fund data from Coinshares Research can be seen Similar patterns. Digital asset investment products saw a second consecutive week of inflows worth $1.17 billion, led by Bitcoin ($932 million) and ether ($438 million).
The United States led redemptions with $1.22 billion, while Germany ($41.3 million) and Switzerland ($49.7 million) continued to record inflows, underscoring regional differences between US and Euro-zone sentiment.
Also, altcoins provided a counterweight to the negative tone. Solana (Sol) recorded $118 million in inflows last week, extending a nine-week streak to $2.1 billion, while HBAR ($26.8 million) and hyperliquid ($4.2 million) also saw updated investor interest.
Related: Bitcoin Prices Price $112K Liquidity Grab As US Government Shutdown Ends
“Great whale” accumulated 36,000 BTC
According to Uphold’s Head of Research, Dr. Martin Hiesboeck, some long-term holders of bitcoin are Liquidating Positions to be reinvested through ETFs for tax advantages and greater flexibility, while others are reinvesting in broader blockchain projects.
Onchain data From the cryptoquant reinforced this behavior, revealing a marked redistribution of bitcoin holdings between October 24 and Nov. Holdings, resulting in a net increase of over 36,000 BTC.
This steady accumulation of high-capital entities helped anchor Bitcoin above the $100,000 level. The data signaled a gradual supply shift to stronger holders, maintaining a structurally bullish long-term foundation for Bitcoin despite underlying ETF-driven turmoil.
Related: End of US Gov’t Shutdown Sparks Institutional Buying, ETF ‘Floodgate’ Hopes
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.
