ETF inflows have risen again: Bitcoin gains ground – Ether ends its slump

  • After a turbulent week marked by sell-offs, spot-based crypto ETFs showed a significant recovery at the end of the week. According to data from Farside, all major products tracking Bitcoin, Ether, and Solana saw inflows. Bitcoin ETFs led the way, attracting a total of approximately $238.4 million. BlackRock's IBIT accounted for the largest share with $108 million, while BITB, ARKB, and BTCO also reported moderate inflows. Even Grayscale's GBTC, which had experienced regular outflows in recent months, recorded an inflow of $61.5 million.
  • The recovery followed one of the weakest days since the introduction of spot ETFs in January 2024. On Thursday, approximately $903 million flowed out of the products, the highest daily figure so far this month. Nearly all issuers were affected, including IBIT with $355.5 million, FBTC with $190.4 million, and GBTC with $199.4 million in outflows. This development reflected market nervousness, which intensified in the second half of the week with price declines.
  • Ethereum ETFs also experienced a trend reversal on Friday. After eight consecutive trading days of outflows, the products recorded inflows for the first time, totaling $55.7 million. Fidelity's FETH ETF contributed the largest share with $95.4 million. This positive day ended a prolonged downward trend between November 11th and 20th, during which approximately $1.28 billion flowed out of Ethereum ETFs.
  • Solana ETFs, meanwhile, confirmed their positive performance, continuing a series of inflows that has now lasted for ten trading days. Since their launch, the five products have collectively attracted $510 million, led by Bitwise's BSOL with $444 million.

Recommended video: The day of days for Bitcoin and altcoins – What's happening today!

Sources

ETF Flows | Farside


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