Renewed Inflows in U.S. Spot Bitcoin ETFs as Investor Sentiment Improves

On November 27, investor sentiment toward Bitcoin improved, driving a rally toward the $100,000 milestone and resulting in renewed inflows in U.S. spot Bitcoin exchange-traded funds (ETFs). According to recent data, the 12 spot Bitcoin ETFs recorded $103.09 million in inflows, ending two consecutive days of outflows that saw over $561 million exit the funds.

Leading the Inflows

Bitwise’s BITB led the inflows with $48.05 million, closely followed by Fidelity’s FBTC, which reported $40.24 million in inflows. Other notable contributions came from Grayscale Bitcoin Mini Trust and Franklin Templeton’s EZBC, with $11.99 million and $2.81 million, respectively. The remaining eight Bitcoin ETFs recorded no flows on the day.

Total Trading Volume and Market Activity

The total trading volume for the 12 Bitcoin ETFs reached $4.59 billion on November 27, consistent with the previous day’s activity. This surge in inflows and trading volume reflects the improving investor sentiment toward Bitcoin, with profit-taking appearing subdued as investors sought to push the cryptocurrency toward the $100,000 milestone.

Bitcoin was up 3% over the past 24 hours, trading at $95,484 after briefly retesting the $97,000 level earlier in the day. This rally was supported by $56.85 million in Bitcoin short liquidations during the same period.

Ethereum ETFs Record Fourth Consecutive Day of Inflows

Meanwhile, the nine spot Ethereum ETFs recorded their fourth consecutive day of inflows on November 27, with $90.1 million entering the funds. Fidelity’s FETH led Ethereum inflows with $38.01 million, followed by Grayscale Mini Ethereum Trust with $37.29 million. VanEck’s ETHV and Bitwise’s ETHW contributed $13.25 million and $1.56 million, respectively.

None of the Ethereum ETFs reported outflows on the day. Ethereum also experienced a price surge, rising 5.2% over the past day to $3,598 per coin at press time.

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