U.S. Bitcoin and Ethereum Spot ETFs Record Weekly Net Inflows for First Time in a Month
Summary
- U.S. Bitcoin and Ethereum spot ETFs recorded a weekly net inflow for the first time since the end of October.
- It assessed that the large-scale institutional capital outflow trend over recent weeks may be reversing.
- It noted this is in stark contrast to the immediately preceding week, when Bitcoin spot ETFs had $1.22 billion withdrawn and Ethereum spot ETFs experienced three consecutive weeks of net outflows.
U.S. Bitcoin (BTC) and Ethereum (ETH) spot exchange-traded funds (ETFs) recorded weekly net inflows for the first time since the end of October. Analysts say this suggests the large-scale institutional capital outflow trend that had continued over recent weeks may be reversing.
According to SosoValue data cited by The Block on the 30th (local time), during this week's shortened Thanksgiving trading week (four trading days), U.S. Bitcoin spot ETFs recorded net inflows of about $70.1 million. Ethereum spot ETFs showed an even stronger flow, with total net inflows of $312.6 million over the same period.
This sharply contrasts with recent trends. Bitcoin spot ETFs saw $1.22 billion withdrawn in the immediately preceding week alone, recording four consecutive weeks of net outflows, and Ethereum spot ETFs also continued three consecutive weeks of outflows, with about $500 million in net withdrawals.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
