US Spot Crypto ETFs See $3.5B Bitcoin Outflow in November, Largest Since February

US Spot Crypto ETFs See $3.5B Bitcoin Outflow in November, Largest Since February

December 9 trading saw Solana and XRP spot ETFs post strong inflows, signaling investor diversification toward alternative crypto assets amid continued Bitcoin ETF outflows.

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Fact Check
The evidence from multiple high-authority sources strongly supports the statement that US-based spot crypto ETFs experienced mixed net flows on November 26. A highly relevant article from The Block, a reputable crypto news outlet, provides a specific data point: a total net inflow of $129 million for spot Bitcoin ETFs on that exact date. This confirms significant positive flows into the category. Complementing this, a Bloomberg report from the same period mentions "major outflows" from crypto ETFs. These two pieces of information are not contradictory; a positive net inflow for the entire category can easily occur on a day when one or more individual funds experience significant outflows, as long as the inflows into other funds are greater. This scenario is the definition of "mixed net flows." The existence of primary data aggregators like SoSoValue and Farside Investors, which are designed to track these individual daily fund flows, further increases the confidence that this detailed, mixed-flow data is available and is what informs the reporting from news outlets like The Block and Bloomberg. The remaining sources were either irrelevant or did not provide specific daily data, and none offered contradictory evidence. Therefore, the combination of a specific net inflow figure and a credible report of outflows on the same day makes the assessment of "mixed flows" highly likely.
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Summary

On December 9, U.S.-listed Solana spot ETFs recorded $16.54 million in net inflows, led by Bitwise’s BSOL with $7.78 million, boosting its historical inflows to $601 million. Grayscale’s GSOL added $5.84 million, reaching $94.85 million cumulatively, with total Solana ETF assets at $950 million. XRP spot ETFs also saw $8.73 million in net inflows, driven by Canary XRP ETF XRPC’s $6.08 million and Bitwise XRP ETF’s $1.42 million. The combined net asset value of XRP ETFs stands at $945 million, reflecting rising demand for varied crypto investment products despite ongoing Bitcoin ETF outflows.

Terms & Concepts
  • Spot ETF: An exchange-traded fund that directly holds the underlying asset rather than derivatives, providing investors exposure to real-time price movements of that asset.