Quick update on ETF cash flow on 11/12, we can immediately see the market sentiment is becoming somewhat cautious again.
With the spot Bitcoin ETF, the total net cash outflow is approximately 77.34 million dollars. In which, Fidelity's FBTC leads the outflow direction with nearly 104 million dollars, indicating that selling pressure from institutional investors is still quite evident in the short term, especially when the market is facing many sensitive macro factors. $BTC
On the Ethereum spot ETF side, the situation is not much better. A total of approximately $42.37 million has been withdrawn. Notably, 21Shares TETH is the only product that still recorded inflow, while the others have all seen outflows. This indicates that although $ETH there is still a narrative of its own, the overall ETF cash flow is still hesitant.
Next, the Solana spot ETF shows more positive signals with a net inflow of approximately $11.02 million. The cash flow is small, but in the context where both BTC and ETH are being withdrawn, this is a bright spot worth monitoring, especially when the Solana ecosystem is experiencing many supporting events and narratives $SOL .
Overall, you can see:
BTC and ETH ETFs are under short-term capital withdrawal pressure.
Institutional cash flow has not yet returned strongly.
SOL is attracting some attention.
These numbers clearly reflect the market's sentiment of 'standing by and observing' before there are clearer signals from macroeconomic factors and monetary policy.
