Major Crypto ETFs Bled $1.5 Billion While Wall Street Went Dip Shopping

The divergence between investor sentiment toward crypto and traditional stocks was stark during the first week of November. While US spot crypto ETFs saw outflows totaling $1.48 billion, 10 major US stock ETFs attracted $37.5 billion in new capital over the same five trading days.

The buying spree in stock funds came after the S&P 500 experienced its worst day since April 2025 on November 5. In contrast, crypto fund holders continued redeeming their positions, removing a steady source of demand from crypto markets.

Stock ETFs Attract Billions

Vanguard's S&P 500 ETF (VOO) led the buying with $16.9 billion in five days, followed by Invesco's Nasdaq 100 fund (QQQ) with $5.3 billion. Leveraged funds also saw significant inflows, with the triple-leveraged semiconductor fund SOXL attracting $2.1 billion after a US tech selloff erased roughly $3 trillion in value on November 5.

Crypto ETF Outflows Continue

Spot ETFs tracking six major crypto assets all posted net outflows during the period. Bitcoin funds shed $1.06 billion, while Ethereum funds lost $326 million. Solana, XRP, Hyperliquid, and Zcash funds lost a combined $89.4 million.

Price Declines Align with Outflows

These outflows coincided with significant price declines across crypto assets. Bitcoin fell 9.93% to $68,439, while Ethereum dropped 14.26% to $1,924.99. XRP lost 15.77% to $1.02, and Solana declined 12.08% to $78.99. Zcash posted the steepest drop, sliding 28.56% to $933.94.

Bitcoin has already lost its 200-day moving average, with $67,000 flagged as the next support level. Traders have fully priced in a December Federal Reserve rate hike after hotter October inflation data. A return to daily ETF inflows would signal renewed buyer interest, but if Bitcoin loses $67,000, the outflow streak could extend.