What Shifted in ETF Flows This Week?
Spot Bitcoin exchange-traded funds ended a difficult month with a small recovery, posting roughly $70 million in net weekly inflows after four straight weeks of withdrawals. The sector had lost about $4.35 billion during that stretch, including two weeks — Nov. 7 and Nov. 21 — that each saw $1.22 billion leave the market, according to SoSoValue. Friday brought a clearer turnaround. Bitcoin funds registered about $71 million in daily inflows, lifting cumulative inflows since launch to nearly $57.7 billion. Combined net assets now sit near $119.4 billion, equal to around 6.5% of Bitcoin’s market cap. The day’s flows were mixed across issuers. BlackRock’s IBIT posted $113.7 million in outflows, but these were more than offset by gains in rival products, led by Fidelity’s FBTC with $77.5 million and ARK 21Shares’ ARKB with $88 million.
Investor Takeaway
How Are Solana ETFs Performing?
Solana-linked funds saw uneven flows, with the day dominated by inflows from Grayscale’s GSOL at $4.33 million and Fidelity’s FSOL at $2.42 million. These were partly canceled out by $1.4 million in outflows from 21Shares’ TSOL, the third-largest Solana ETP by assets. BlackRock — the largest issuer of spot Bitcoin and Ether ETFs — has not filed for a spot Solana product, according to The Block’s tracker. Market participants say this absence puts more attention on second-tier issuers that have been trying to build early traction.
Ether ETFs Break Their Three-Week Losing Streak
Spot Ether ETFs also recovered from a difficult month. The group recorded $312.6 million in weekly inflows, snapping a three-week run that drained around $1.74 billion. The worst of that stretch came in the week ending Nov. 14, when outflows hit $728.6 million. On Friday alone, Ether ETFs added about $76.6 million. Since launch, cumulative net inflows have reached $12.94 billion, while total assets in U.S. spot Ether ETFs now stand close to $19.15 billion, or roughly 5.2% of Ether’s market value. The rebound suggests investors may be reassessing Ether’s position after several weeks of macro-driven selling and rotation into other assets.
Investor Takeaway
Are Traders Calling a Short-Term Bottom for Bitcoin?
Several traders have noted the market's shift in tone. As Cointelegraph reported, Mister Crypto said Bitcoin may have formed a short-term bottom as the RSI approaches oversold territory and large holders reopen long positions. He argued that this setup raises the chances of a bounce toward the $100,000–$110,000 range. Meanwhile, Bitwise Europe research head André Dragosch said Bitcoin could have room to run, arguing that current pricing does not reflect better macro expectations. His view adds to the case made by some traders who believe the recent drawdown was sentiment-driven rather than fundamental. Still, ETF flows remain the most closely watched indicator. With almost $120 billion now sitting in spot Bitcoin ETFs alone, even modest shifts in weekly flows can move market structure. After nearly a month of withdrawals, the latest numbers suggest the selling pressure has eased — though it remains too early to call a firm trend.
What Comes Next?
Markets will now watch whether inflows hold through December and whether large issuers continue to see offsetting flows rather than concentrated selling. Ether’s turnaround adds another layer, especially as traders debate whether the asset is oversold relative to Bitcoin and Solana. The ETF rebound may not resolve broader questions around liquidity and market direction, but it does show that capital is returning after a steep pullback. If both Bitcoin and Ether sustain inflows for several weeks, the narrative around a short-term bottom will gain more weight.