Spot Bitcoin Etfs Pull $238m As Ether Funds Snap 8-day Outflow Streak

Bitcoin ETFs pull in $238 million as Ether funds end an eight-day outflow streak and Solana products extend a ten-day run of inflows.

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

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

Source: CoinTelegraph