- Spot Bitcoin ETFs experienced $238 million in inflows on Friday after large outflows the previous day.
- Ether ETFs ended an eight-day outflow streak with $56 million in net inflows, mainly from Fidelity’s fund.
- Solana ETFs continued a 10-day inflow streak, accumulating $510 million in total since launch.
- Ether prices dropped 15% midweek, liquidating $460 million in long positions, yet top traders have started adding long exposure.
Spot cryptocurrency exchange-traded funds (ETFs) saw significant inflows at the end of the week following volatile trading. On Friday, spot Bitcoin (BTC) ETFs attracted $238.4 million in net inflows after experiencing a severe $903 million outflow on Thursday, one of the largest single-day redemptions since their January 2024 launch. BlackRock’s IBIT led Friday’s inflows with $108 million, while BITB, ARKB, BTCO, and Grayscale’s GBTC also contributed, with GBTC adding $61.5 million as stated by data from Farside Investors.
Thursday’s outflows impacted nearly all issuers, including IBIT with a $355.5 million withdrawal, FBTC with $190.4 million pulled, and GBTC with $199.4 million in outflows. This volatility followed a challenging week for spot Bitcoin ETFs.
Ether (ETH) ETFs broke their eight-day streak of redemptions on Friday, reporting $55.7 million in inflows, primarily driven by Fidelity’s FETH fund, which attracted $95.4 million. Between November 11 and 20, Ethereum funds experienced combined outflows totaling $1.28 billion, a significant contraction since their launch.
Solana (SOL) ETFs have shown resilience, continuing a 10-day streak of net inflows. The five Solana funds have drawn $510 million since launch, led by Bitwise’s BSOL with $444 million.
Ether prices tumbled 15% between Wednesday and Friday, triggering $460 million in liquidations of leveraged long positions. Despite a 47% decline since its August peak, derivatives data reveal that major traders are gradually increasing long exposure. Futures funding rates have risen from 4% to 6%, suggesting initial stabilization signals, although bullish demand remains limited.
Additional details and statistics are available from Farside Investors.
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