US Bitcoin ETFs See $75M Inflows as BTC Reclaims $92K
US spot Bitcoin ETFs snapped a five-day outflow streak as they recorded $75.4 million in net inflows, led by BlackRock’s iShares Bitcoin Trust (IBIT) with $60.6 million and the Grayscale Bitcoin Mini Trust with $53.8 million, while Fidelity and VanEck ETFs saw $39 million in combined outflows. The rebound coincided with Bitcoin reclaiming the $92,000 level. Despite nearly $3 billion in November outflows, ETF trading volume rose 18% to $6.89 billion as some investors bought the dip. These flows signal early market stabilization and renewed investment appetite ahead of year-end catalysts.
Bullish
The end of a five-day outflow streak and a $75 million net inflow into US spot Bitcoin ETFs mark a modest yet meaningful shift in investor sentiment. Major players like BlackRock and Grayscale led the inflows, signalling confidence among institutional funds. Historically, ETF inflows have coincided with short-term price support, as seen when Bitcoin ETFs first launched. The rebound to $92,000 reinforces this link. While November’s near $3 billion outflow highlights lingering caution, the 18% jump in trading volume suggests dip-buying and renewed participation. In the short term, this could bolster price stability; longer term, it may indicate growing conviction ahead of potential year-end regulatory or macro catalysts.