Crypto Funds Bleed $360 Million After Powell Speech – Except Solana

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It seems the digital asset world is having quite the dramatic week. A whopping $360 million in outflows after Federal Reserve Chair Jerome Powell decided to stir the pot with his… let’s call it, “thoughtful” comments about interest rate cuts.

Bitcoin ETFs, poor things, bore the brunt, suffering a staggering loss of $946 million. Meanwhile, Solana just stood there, cool as a cucumber, attracting a record $421 million in inflows. You’d think Solana was handing out free lattes with its blockchain or something. ☕

Powell’s Hawkish Speech Shakes Up the Market (And Our Sanity)

Powell made it clear that a rate cut in December is not a done deal, citing fears that a hasty policy change could endanger progress on inflation. It was like watching someone try to decide if they should make a U-turn on a highway. Either way, someone’s going to hit the brakes hard.

Investors, feeling betrayed by their hopes for easy-money policies, began scrambling for the exits. The worst part? The good ol’ U.S. of A. led the pack with a dramatic $439 million pulled from crypto products. You’d almost think Powell had a vendetta against digital assets.

Meanwhile, Germany and Switzerland decided to stay calm and collected, with modest inflows of $32 million and $30.8 million, respectively. No big deal, just some good ol’ regional confidence… while the U.S. was busy panicking. 🤷‍♂️

Bitcoin, being the drama queen that it is, took the biggest hit with its $946 million loss. It’s like Bitcoin thought, “Hey, who needs policy changes when you’ve got such good timing?”

And of course, this all came as markets entered a “risk-off” mode. Because, apparently, there’s always something to worry about when it comes to rate cuts. So let’s all just throw in the towel, right?

Solana: The One Crypto Asset With a Sense of Humor

But wait – Solana didn’t get the memo that the crypto world was supposed to be in panic mode. Instead, it quietly raked in $421 million in inflows. Not too shabby for a blockchain that some people still doubt. 🙄

This surge is mostly due to the launch of U.S. Solana ETFs, like Bitwise’s BSOL, which didn’t just appear – it made a grand entrance, attracting record inflows during its debut week. So, the moral of the story? If you’re launching an ETF, make it about Solana. Simple as that.

And guess what? Solana’s ETFs kept that momentum going with four consecutive days of net inflows, totaling $200 million. Meanwhile, Bitcoin and Ethereum ETFs saw outflows like it was nobody’s business. Solana’s like that one kid who always gets the coolest toys in class while everyone else is fighting over scraps. 🥳

According to SoSoValue ETFs Dashboard, since the launch of the Bitwise Solana Staking ETF ($BSOL) and Grayscale Solana ETF ($GSOL) on Oct 28 & 29:$SOL ETFs have seen 4 consecutive days of net inflows, totaling $200 million.$BTC & $ETH Spot ETFs have simultaneously recorded net…

– SoSoValue (@SoSoValueCrypto) November 3, 2025

And let’s not forget: Grayscale’s GSOL launched on October 29, offering direct exposure to SOL and, possibly, staking rewards. Talk about a well-timed “hello” to the market. It’s like Solana just wanted to remind everyone, “Hey, don’t forget about me. I’ve got speed, low fees, and a very loyal fanbase.” 💁‍♂️

Year-to-date, Solana has seen a staggering $3.3 billion in inflows. So, while the rest of the crypto world is clutching its pearls, Solana is out here making money moves and showing the world how it’s done.

It’s clear: Solana is here to stay, and it’s not just surviving – it’s thriving, even while the market throws tantrums. 🌟

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2025-11-03 18:27