Bitcoin ETFs Gain as Inflows Return After Five Days of Outflows

Bitcoin ETFs reversed course on November 19. They recorded $75.47 million in net inflows. They broke a five-day streak of institutional withdrawals.

SoSoValue data shows the positive turn followed by heavy losses. The products shed nearly $2.27 billion. That drop came during the previous five trading sessions.

Trading volume reached $6.89 billion on November 19 as cumulative total net inflows climbed to $58.30 billion.

Bitcoin ETFs End Five-Day Outflow Streak

The five-day withdrawal period began on November 12 with $277.98 million exiting the products. November 13 saw the largest single-day outflow at $869.86 million.

November 14 brought another $492.11 million in redemptions. The pattern continued on November 17 with $254.51 million leaving the funds. November 18 recorded $372.77 million in outflows before the reversal.

The cumulative five-day total reached $2.27 billion in net outflows. The selling pressure pushed cumulative inflows down from $60.49 billion on November 11 to $58.22 billion by November 18.

The November 19 inflows of $75.47 million brought the cumulative figure to $58.30 billion.

Only one brief positive session interrupted the selling. November 11 saw $523.98 million flow into Bitcoin ETFs before the extended withdrawal period began.

BlackRock IBIT Leads Provider Inflows

BlackRock’s IBIT product on NASDAQ recorded $60.61 million in net inflows on November 19. The fund added 680.82 Bitcoin during the trading session.

The product trades at a 0.44% premium to net asset value. Cumulative net inflows for IBIT reached $63.18 billion.

The BlackRock product had led outflows just one day earlier, with over $523 million in withdrawals on November 18.

Grayscale’s BTC product on NYSE added $53.84 million in inflows on November 19. The fund accumulated 604.77 Bitcoin during the session. The product trades at a 0.04% discount. Cumulative net inflows for Grayscale BTC stand at $1.87 billion.

Mixed Flows Across Other Bitcoin ETFs

Fidelity’s FBTC on CBOE recorded outflows of $21.35 million on November 19. The fund saw 239.85 Bitcoin exit during the session.

Cumulative net inflows remain at $11.88 billion. The Fidelity outflow contrasts with the overall positive flow day.

VanEck’s HODL on CBOE also posted negative flows of $17.63 million. The fund saw 197.99 Bitcoin withdrawn. Cumulative net inflows for HODL reached $1.26 billion.

Most other Bitcoin ETFs showed zero activity on November 19. Grayscale’s GBTC on NYSE recorded no flows.

Ark & 21Shares ARKB on CBOE maintained zero activity with cumulative inflows at $1.88 billion. Bitwise BITB on the NYSE showed no movement with cumulative flows at $2.27 billion.

Franklin’s EZBC on CBOE, Invesco’s BTCO, Valkyrie’s BRRR on NASDAQ, and WisdomTree’s BTCW all posted zero flows. Hashdex DEFI on the NYSE recorded minimal activity.

Ethereum and Solana ETFs Show Contrasting Patterns

While Bitcoin ETFs saw positive flows resume, Ethereum ETFs continued their negative trend. Ethereum products recorded $37.35 million in outflows on November 19.

Cumulative total net inflows dropped to $12.84 billion. Trading volume reached $2.54 billion for the day.

The Ethereum outflow on November 19 followed a $74.22 million withdrawal on November 18. Ethereum ETFs have faced consistent selling pressure while Bitcoin ETFs reversed course.

Solana ETFs maintained their positive momentum with $55.61 million in net inflows on November 19. The figure brings cumulative total net inflows to $476.01 million.

Trading volume hit $53.18 million for the day. Total net assets for Solana products reached $714.80 million.

The Solana inflows on November 19 followed $30.09 million in positive flows on November 18.