$BTC 📍BTC breaks ATH as historic capital flows into ETF, SOL ETF experiences outflow

📌 In yesterday's session on 11/7, the ETF capital of crypto funds reached its highest level since November 2024:

- Bitcoin ETF: +$1.17B inflow - highest in 8 months (largely contributed by BlackRock IBIT: +$448M, Fidelity FBTC: +$324M)

- Ethereum ETF: +$383.1M inflow (BlackRock ETHA accounted for nearly all: +$300.9M)

→ BTC breaks the all-time high, ETH surpasses $3,000 after 5 months of stagnation.

📌 Just yesterday:

- Ethereum net issuance: 2,110 $ETH (~$6.33M)

- ETF inflow: $383.1M (60 times the issuance amount)

📌 In 2025, ETF funds in the US had gathered $28.22B $BTC (while new Bitcoin ETF issuance was only ~$7.85B).

→ Supply is unable to keep up with demand, causing BTC to become increasingly scarce in the open market.

📌 Solana ETF experienced outflow as it saw a withdrawal of –$15.7M, perhaps investors are anticipating the approval of BlackRock's Sol ETF.