Ethereum News Update: Ethereum ETFs See $210M Outflows While Altcoins Gain $200M from Institutional Investors

Recent data shows that US

spot ETFs experienced net withdrawals totaling $210.43 million, marking the fifth straight day of outflows, as reported by . This pattern reflects broader market shifts, with institutional investors reallocating funds in response to varying performances among digital assets. ETFs also recorded $543.59 million in outflows over three days, with BlackRock's IBIT responsible for $297.93 million of that sum. On the other hand, Solana's BSOL ETF attracted $197 million in new investments, signaling rising interest in high-performing alternative coins.

The ongoing withdrawals from Ethereum and Bitcoin ETFs indicate changing attitudes among institutional investors, with major entities such as

reducing their holdings. BlackRock’s ETHA ETF led the outflows, losing $81.7 million in a single day, while its Bitcoin portfolio decreased by 31,754 ETH, worth $121.94 million. Experts attribute these moves to regulatory uncertainties, competition from other layer-1 blockchains, and stronger returns in equity markets compared to crypto. Market analyst Lark Davis commented that "Solana’s strong performance highlights the attractiveness of scalable networks in an evolving market," and noted that the growth of its ecosystem is drawing more institutional attention.

Ethereum’s value has slipped below $3,500, remaining under bearish pressure as ETF outflows intensify the decline, according to an

. Total outflows from Ethereum ETFs reached $499.71 million by November 3, with nine funds collectively losing $135.76 million in just one day. Retail interest has also dropped, with Ethereum futures open interest falling to $44.72 billion from a previous high of $63 billion. This reduced demand is further evidenced by a low OI-weighted funding rate of 0.0038%, indicating a rise in short positions.

Conversely, newly introduced ETFs for

, , and have attracted significant new investments. Solana’s BSOL ETF, which launched last week, saw $199.21 million in net inflows over four days, according to a . Bitwise’s application for an XRP ETF, currently awaiting SEC approval, could further broaden institutional access to altcoins. The Flare Network has also gained momentum after Teucrium Trading LLC submitted a proposal for a Flare-based ETF, leveraging the network’s 38% increase in total value locked (TVL) over the past month, as noted in a .

The differing ETF flows highlight the evolution of the crypto market, where investors are increasingly diversifying risk across various assets. While Bitcoin and Ethereum contend with macroeconomic challenges and regulatory headwinds, altcoins offering scalable solutions and institutional-grade ecosystems are gaining favor. Market watchers are now looking to potential triggers such as changes in Federal Reserve policy or the approval of new ETFs to spark renewed bullish sentiment, as discussed in a

.