Bitcoin ETFs led the decline with a single-day outflow of $186.51 million on Nov 3, according to data from SoSoValue. Notably, the entirety of the outflow was attributed to BlackRock’s IBIT, marking a significant shift in institutional behavior. Over the past four days, total Bitcoin ETF redemptions have amounted to $1.33 billion.

On the Ethereum ETF front, total accumulated losses have risen to roughly $499.71 million, with six out of the nine issuers posting outflows reaching $135.8 million on Nov 3. Leading the pack is BlackRock’s ETHA, which registered an $81.7 million outflow. Fidelity’s FETH and Grayscale’s ETHE followed with redemptions of $25.14 million and $15.03 million, respectively.

The continuous outflows come amid mounting negative sentiment in the crypto market, with BTC (BTC) trading under $104,000 and ETH (ETH) under $3,500. Together with tightening macro conditions, the market has seen over $1.37 billion in liquidations over the past 24 hours, suggesting further downside pressure may be imminent.

While Bitcoin and Ethereum ETFs face heavy selling, newly launched ETFs are seeing positive traction. Solana (SOL) ETFs, in particular, recorded their highest inflow since launch, reaching $70.05 million in a single day and continuing a five-day streak of net inflows. Hedera’s (HBAR) Canary HBR ETF also extended its four-day inflow run, bringing in $22.06 million on Nov 3. Litecoin (LTC) ETF, Canary LTCC, also recorded inflows but with a more modest $855,880.

Despite the inflows recorded by Solana, Litecoin, and Hedera ETFs, their price movements have taken a huge hit in the last 24 hours. Solana has dropped 9.39% to $158, erasing much of its recent gains. Litecoin has fallen 6.73% to $86.88, while Hedera declined 5.14% to $0.173.

The persistence of ETF outflows, especially from Bitcoin and Ethereum, reflects cautious institutional sentiment amid increasing volatility. While the altcoin ETFs are experiencing inflows, the broader trend still signals concern over short-term crypto performance.