Main takeaways:
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Exchange-traded funds (ETFs) for Bitcoin and Ethereum combined recorded $1.7 billion in weekly outflows.
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Solana and a few altcoins have continued to attract steady inflows despite the market weakness.
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Onchain data shows that large whales are hoarding Bitcoin, which has kept Bitcoin prices above the $100,000 level.
spot bitcoin (Bitcoin) and ether (Ethereum) Exchange-traded funds (ETFs) faced another week of big redemptions, extending investor caution. From November 3 to 7, spot Bitcoin ETFs saw net outflows of $1.22 billion, the third-largest weekly total ever, while Ethereum ETFs recorded $508 million in outflows, for a total of $1.72 billion.
According to CryptoQuant CEO Ki Young Ju, BlackRock’s IBIT is alone It has been calculated For $570 million in Bitcoin outflows, the largest in nine months, as investors readjusted their positions amid year-end profit-taking and tax considerations.
In contrast, Solana spot ETFs attracted $137 million in inflows over the same period, led by Bitwise’s $127 million BSOL ETF, highlighting a selective shift toward exposure to high-performing altcoins.
Broader fund data from CoinShares Research Reflected Similar patterns. Digital asset investment products saw a second straight week of outflows totaling $1.17 billion, dominated by Bitcoin ($932 million) and Ethereum ($438 million).
The US led recoveries with $1.22 billion, while Germany ($41.3 million) and Switzerland ($49.7 million) continued to record inflows, underscoring the regional disparity between sentiment in the US and the Eurozone.
Likewise, altcoins provided a counterweight to the negative tone. Solana (Sol) recorded inflows of $118 million last week, extending the nine-week streak to $2.1 billion, while HBAR ($26.8 million) and Hyperliquid ($4.2 million) also saw renewed interest from investors.
Related: Bitcoin price looks to grab $112,000 in liquidity as US government shutdown comes to an end
The “Great Whales” collect 36,000 Bitcoin
According to Uphold’s head of research, Dr. Martin Hesboki, some long-term Bitcoin holders are as well filtering Positions to buy back through ETFs for tax benefits and greater flexibility, while others reallocate into broader blockchain projects.
Onchain data from CryptoQuant reinforced this behavioral shift, revealing a notable redistribution of Bitcoin holdings between October 24 and November 7, 2025. During this period, medium-sized investors (“Dolphins,” who hold between 100 and 1,000 BTC) sharply reduced their accumulation from 173,982.8 BTC to 81,453.5 BTC, while “Great Whales” (who hold over 100-1000 BTC (10,000 BTC) more than doubled their holdings, resulting in a net increase of over 36,000 BTC.
This continued accumulation by large-cap entities has helped stabilize Bitcoin above the $100,000 level. The data indicated a gradual transfer of supply to stronger holders, maintaining a long-term structural bullish foundation for Bitcoin despite underlying ETF-driven turmoil.
Related: End of US government shutdown sparks institutional buying, ETF ‘gateway’ hopes
This article does not contain investment advice or recommendations. Every investment and trading move involves risks, and readers should conduct their own research when making a decision.
