US spot Bitcoin ETFs logged $75 million in inflows after five days of redemptions, hinting at early stabilization as Bitcoin recovers above the $92,000 level.
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United States-listed spot Bitcoin exchange-traded funds (ETFs) broke a five-day outflow streak on Wednesday, recording $75.4 million in net inflows as Bitcoin reclaimed the $92,000 price point.
Farside Investors data inflows led by BlackRock’s iShares Bitcoin Trust (IBIT), which pulled in $60.6 million on Wednesday — still a far cry from offsetting its $523 million in outflows the day before. The Grayscale Bitcoin Mini Trust ETF (BTC) also saw a positive day, contributing $53.8 million in inflows.
On the other hand, Fidelity and VanEck’s spot Bitcoin ETFs saw combined outflows of $39 million on the same day.
The rebound coincided with Bitcoin () reclaiming the $92,000 level, indicating a slight stabilization after a consistent decline throughout the week.
CoinGecko data showed that BTC reached $92,000 on Wednesday before falling to as low as $88,500 on Thursday. At the time of writing, the asset is trading at approximately $91,700.
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The , which included over $868 million on Nov. 13 and nearly $500 million on Nov. 14, mirrored the situation across global crypto exchange-traded products in recent weeks.
Farside’s daily breakdown showed that the selling was concentrated. Fidelity’s FBTC saw back-to-back redemptions of $132.9 million and $119.9 million last week. Meanwhile, issuers Bitwise, Ark and Invesco logged multiday stretches of negative flows.
As Cointelegraph previously reported, crypto ETPs last week, their highest weekly outflow record since February. CoinShares data showed that within the $2 billion lost, US-based ETPs accounted for 97% of the outflows.
US spot Bitcoin ETFs already shed nearly $3 billion in November, putting the category on track to surpass February as its worst-performing month. According to SoSoValue data, US spot Bitcoin ETFs $3.56 billion in outflows in February.
While a $75 million inflow is modest compared to the recent outflows, it shows a glimpse of returning investment appetite. SoSoValue data also showed that ETF trading volume increased to $6.89 billion on Wednesday, up nearly 18% from the previous day.
This shows that while there’s a broad outflow trend, not all investors are exiting. Some appear to be buying the dip or re-entering ahead of potential year-end catalysts.
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