Key Points
- US spot Bitcoin ETFs started the week with significant outflows as Bitcoin’s price fell below $93,000.
- Ethereum ETFs experienced a significant slowdown in inflows, with only $2.83 million entering the funds on Nov. 25.
Bitcoin ETFs Record Significant Outflows
Data from SoSoValue indicates that 12 spot Bitcoin ETFs recorded $438.38 million in outflows on Nov. 25. This broke a five-day streak of inflows and came after a record-high $3.38 billion in weekly inflows the previous week.
Bitwise’s BITB led the outflows on that Monday, with $280.73 million leaving the fund. Other funds like Grayscale’s GBTC, Fidelity’s FBTC, and ARK and 21Shares’ ARKB also reported significant outflows.
There were also more modest outflows from Invesco’s BTCO, VanEck’s HODL, and Valkyrie’s BRRR. However, BlackRock’s IBIT partially offset these outflows, leading with $267.79 million in inflows.
This significant outflow coincided with Bitcoin’s price drop of over 6%, falling from $98,850 to $92,775. At the time, Bitcoin (BTC) was down 3.5%, trading at $94,646 per coin.
Slowdown in Ethereum ETFs Inflows
In contrast, the nine spot Ethereum ETFs experienced a significant slowdown in inflows on Nov. 25. Only $2.83 million entered the funds compared to the $91.21 million recorded the previous trading day.
Bitwise’s ETHW led the inflows, reporting $8.75 million, followed by Fidelity’s FETH with $4.36 million. However, Grayscale’s ETHE saw the largest outflows of the day, with $7.65 million exiting the fund.
At the time, Ethereum (ETH) was up 1.3%, trading at $3,430. The remaining Ethereum ETFs remained neutral on the day.
