Spot Bitcoin
$76,395 ETFs traded in the U.S. experienced their largest net inflow in a month on Tuesday, drawing a robust recovery of $524 million. This surge stands as the most significant daily influx since Bitcoin’s peak around $126,000 on October 6. The total trading volume of these ETFs is nearing the $1.5 trillion mark since their launch in January 2024.
Strong Recovery in Bitcoin ETFs
According to data from SoSoValue, BlackRock’s IBIT ETF led the inflows with $224.2 million, followed by Fidelity’s FBTC with $165.9 million, Ark Invest’s ARKB with $102.5 million, Grayscale’s BTC with $24.1 million, and Bitwise’s BITB with $7.3 million. No other ETFs recorded inflows. Consequently, the total net inflow into Bitcoin ETFs since the beginning of the year surged to $60.8 billion.
Despite Bitcoin trading around $103,000 with a 3% decline on Tuesday, it recovered to $104,724 by Wednesday morning. K33 Research’s Head of Research, Vetle Lunde, highlighted that the recent 30-day data revealed a modest flow of -29,008 BTC, the lowest since March this year. According to Lunde, the current selling pressure is temporary, and ETF inflows are expected to regain momentum soon.
Timothy Misir from BRN Research described the recent recovery in Bitcoin ETFs as “cautious yet promising.” Misir stressed that a sustained upward trend necessitates broader and more stable inflows from the spot market, with the $108,000–$110,000 range being a critical resistance zone.
Mixed Outlook in Ethereum and Solana ETFs
Ethereum
$2,328 ETFs witnessed a total outflow of $107.1 million on Tuesday, with Grayscale’s ETH ETF leading with a $75.7 million outflow. The first 12 days of November marked a total outflow of $615 million, indicating investors’ short-term pivot towards Bitcoin-centric products.
In contrast, the recently launched Solana
$86 ETFs in the U.S. attracted $8 million in new inflows. Grayscale’s GSOL ETF accounted for $5.9 million, whereas Bitwise’s BSOL ETF saw $2.1 million in inflows. Since their launch on October 28, Solana ETFs have seen a total capital inflow of $350.5 million. Meanwhile, no trading activity was observed in HBAR and Litecoin ETFs, with total net inflows into these ETFs remaining at $71.1 million and $4.5 million, respectively.




