U.S. cryptocurrency ETFs extend their November withdrawals, with Bitcoin funds losing $47.7 million and Ethereum products shedding $8 million, while Solana records modest inflows amid incomplete institutional flow reporting. U.S. spot Bitcoin and Ethereum exchange-traded funds recorded approximately $55.7 million in reported net outflows on Thursday, November 12, 2026, as cryptocurrency markets experienced renewed selling pressure and Bitcoin fell toward $70,000. Bitcoin ETFs reported $47.7 million in withdrawals, while Ethereum investment products registered $8 million in net redemptions, according to preliminary fund-level data compiled by Farside Investors. Solana ETFs attracted approximately $1.7 million in net inflows, bringing the combined reported outflow across the three categories to $54 million.
However, several major funds had not reported their November 12 figures, including BlackRock’s Bitcoin and Ethereum products and Fidelity’s corresponding ETFs. The preliminary results follow November 11, when Bitcoin, Ethereum and Solana ETFs recorded combined net withdrawals of $450.5 million. The latest figures therefore suggest a smaller reported outflow, although the incomplete data prevent a definitive comparison between the two sessions.
Bitcoin ETFs Report $47.7 Million in Withdrawals as Major Funds Remain Pending
Bitcoin ETFs recorded a preliminary $47.7 million net outflow on November 12, compared with $299.8 million in confirmed withdrawals during the previous trading session. Bitwise’s Bitcoin ETF (BITB) recorded the largest reported redemption at $26.4 million, followed by ARK 21Shares’ ARKB with $18.5 million. VanEck’s HODL experienced another $6.1 million in withdrawals, while Morgan Stanley’s MSBT attracted $3.3 million in new investments. Other reporting Bitcoin ETFs recorded no net flows.
However, BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC had not submitted their figures when the preliminary data were compiled. Their absence is significant because BlackRock’s IBIT alone recorded $269.7 million in withdrawals on November 11, accounting for approximately 90% of that day’s Bitcoin ETF net outflow. Consequently, Thursday’s smaller preliminary total should not be interpreted as confirmation that institutional selling has eased. Cumulative Bitcoin ETF net inflows remained approximately $55.1 billion, despite substantial withdrawals during November.
Ethereum Funds Extend Losses While Solana Attracts Modest Inflows
Ethereum ETFs reported approximately $8 million in preliminary net withdrawals, compared with $144.8 million during the previous session. Grayscale’s Ethereum Mini Trust led reported redemptions with $6.7 million, followed by VanEck’s ETHV at $2.9 million. Meanwhile, 21Shares’ TETH attracted $1.2 million, and Invesco’s QETH recorded approximately $400,000 in inflows. BlackRock’s ETHA and ETHB, alongside Fidelity’s FETH, remained unreported, leaving the final Ethereum category total uncertain.
Solana ETFs performed comparatively better, with Bitwise’s BSOL attracting $1.7 million while other reporting funds recorded no net movement. However, Fidelity’s FSOL had not reported, preventing confirmation of Solana’s final daily result. XRP ETF reporting was similarly incomplete, with two funds showing zero flows and three remaining outstanding. The withdrawals coincided with broader cryptocurrency market weakness, including Bitcoin’s decline toward $70,000 and Ethereum’s approach toward $2,000. Although ETF flows provide an important indicator of institutional investment activity, redemptions do not necessarily correspond directly to immediate cryptocurrency sales. Final November 12 figures will depend on outstanding issuer disclosures, particularly those from BlackRock and Fidelity.
