Altcoin Spot ETFs Bled $22.9 Million as Not a Single Group Saw Inflows

Altcoin spot ETFs recorded net outflows across four asset groups on November 9, 2026, with none of the thirteen tracked products attracting net inflows. Total redemptions reached roughly $22.9 million, led by XRP funds at $10.42 million and Solana funds at $7.68 million. The breadth of the weakness matters more than the size: even the flat results show issuers struggling to sustain demand after the initial listing cycle.

Where did the money leave?

XRP spot ETFs posted $10.42 million in net outflows, their first movement after four consecutive trading days without net flows. Three of the five funds bled capital:

• Bitwise XRP lost $9.40 million, accounting for 90% of the group's redemptions.
• Canary XRPC lost $811,440.
• 21Shares TOXR lost $212,903.24.

The group still holds $1.24 billion in net assets, equal to 1.78% of XRP's market capitalization, on cumulative net inflows of $1.80 billion since launch. Daily trading volume of $29.34 million against $10.42 million in outflows suggests the exits came through a small number of large redemptions rather than broad selling pressure. In plain words: one issuer's book did almost all the damage.

Solana funds recorded $7.68 million in net outflows, a second consecutive day of withdrawals. Four of the nine funds reported losses:

• Bitwise BSOL lost $5.88 million.
• Fidelity FSOL lost $769,070.63.
• Franklin SOEZ lost $749,452.20.
• VanEck VSOL lost $281,958.25.

Data for 21Shares TSOL remained pending, a reminder that same-day ETF figures are provisional until every issuer reports. Solana funds hold $1.25 billion in net assets, or 2.46% of market capitalization, with $54.30 million in daily volume — the highest turnover among the altcoin groups.

Which funds went flat?

Nine asset groups posted no net flows at all. Dogecoin ETFs have now been flat for 19 consecutive trading days, on cumulative inflows of just $16.43 million and net assets of $11.49 million — 0.11% of DOGE's market capitalization. Chainlink funds returned to flat after outflows in the prior session. Avalanche stayed flat for a second day; Canary HBAR and Bitwise NEAR for two days; VanEck BNB for four; Canary Litecoin for three.

The stalemates run deeper for smaller products. The 21Shares Polkadot ETF has recorded no net flows for 17 consecutive trading days, and the Canary Staked TRX ETF has been flat for 39 straight sessions on trading volume of only $16,680. That is less money changing hands in a day than many households spend on a car. VanEck's BNB fund sits at cumulative net outflows of $271,005.90, meaning it has returned more capital than it gathered since inception. The takeaway is simple: for most of these products, the market has effectively stopped paying attention.

What stands out beyond the majors?

Hyperliquid spot ETFs lost $2.63 million, a fourth consecutive day of withdrawals, though the picture was split — Bitwise BHYP actually attracted $845,803.46 while 21Shares THYP lost $3.48 million. The Grayscale Zcash ETF reversed course, swinging to $2.17 million in outflows after prior inflows; it still holds $673.52 million in net assets, the largest of the altcoin groups, equal to 3.45% of ZEC's market capitalization, and traded $40.25 million in volume on the day.

Cumulative figures flatter the picture. Hyperliquid funds show $290.37 million in lifetime inflows, and Solana $1.53 billion, yet daily direction has now turned negative across every group with any movement at all. One session proves little; four consecutive down days for HYPE and two for SOL sketch a pattern that issuers will need to address as monthly rebalancing windows approach.