Bitcoin ETFs Pull $238M as Ether Ends 8-Day Outflow Streak – Crypto News

Spot crypto exchange-traded funds (ETFs) saw a rebound at the end of the week, with all Bitcoin, Ether and Solana funds seeing inflows after a week of volatility and downturns.

On Friday, spot Bitcoin (BTC) ETFs attracted $238.4 million in net inflows after a wave of heavy redemptions the day before. BlackRock’s IBIT drove the turnaround with $108 million, while smaller contributions from BITB, ARKB, and BTCO helped lift sentiment. Even Grayscale’s GBTC, long pressured by outflows, added $61.5 million, according to data from Farside Investors.

The recovery came after a bruising $903 million outflow on Thursday,  the biggest outflow day in November and one of the largest single-day outflows since the products were launched in January 2024.

During the day, redemptions hit nearly every issuer, including IBIT with a loss of $355.5 million, FBTC with $190.4 million pulled, and GBTC with $199.4 million in outflows.

Related: BlackRock Bitcoin ETF sheds $2.47B in November as outflows hit record $3.79B

Ether funds snap 8-day outflow streak

After eight consecutive sessions of redemptions, Ether (ETH) ETFs broke their losing streak with $55.7 million in inflows on Friday, powered largely by Fidelity’s FETH, which brought in $95.4 million.

The reversal followed a punishing stretch from Nov. 11–20, when Ethereum funds shed a combined $1.28 billion, one of the longest and deepest red waves since their launch.

Meanwhile, Solana (SOL) ETFs continue to outperform the broader altcoin market. Since launch, the five Solana funds have gathered $510 million in net inflows, led overwhelmingly by Bitwise’s BSOL with $444 million. The group has now logged a 10-day inflow streak.

Related: ARK Invest wraps up week with Bitcoin ETF, Bullish, Circle, BitMine buys

Ether traders tentatively add longs

Ether slumped sharply this week, dropping 15 percent between Wednesday and Friday and liquidating 460 million dollars in leveraged long positions.