Bitcoin ETFs Snap Six-Day Outflow Streak With $240M Inflows

After nearly a week of consistent withdrawals, U.S. spot Bitcoin ETFs have bounced back with fresh investor interest. On November 6, the funds recorded a combined net inflow of $240 million, ending a six-day outflow streak. The recovery reflects renewed confidence among institutional investors after a week of cautious sentiment.

Bitcoin ETFs Return to Positive Territory

According to data from SoSoValue, total assets across all spot Bitcoin ETFs now stand at $135.43 billion. It represents 6.73% of Bitcoin’s total market capitalization. The funds also saw $4.77 billion in total trading volume on the day. BlackRock’s iShares Bitcoin Trust (IBIT) led the rebound with $112.44 million in net inflows. 

Followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC), which added $61.64 million. Ark Invest’s ARKB also saw a strong day with $60.44 million flowing in. Meanwhile, the Grayscale Bitcoin Trust (GBTC) and other smaller funds recorded flat activity. Despite Grayscale’s long-term net outflows, its current net assets remain significant at $17.24 billion.

A Breather After a Week of Outflows

Before Thursday’s recovery, Bitcoin ETFs had suffered six straight sessions of net outflows. This totals more than $660 million in withdrawals. The pattern coincided with broader market volatility and a short-term correction in Bitcoin price. Which had dipped below $101,000 earlier this week. Analysts suggest that institutional investors may have paused redemptions after the market stabilized. 

The renewed inflows could signal a return of positive sentiment. Ahead of Bitcoin’s next resistance test near $105,000. Ethereum ETFs also joined the rebound, posting $12.5 million in inflows. After the same six-day outflow streak. While small in scale, the shift marks an improving sentiment across the broader crypto ETF market.

BlackRock and Fidelity Maintain Market Leadership

BlackRock and Fidelity continue to dominate the U.S. Bitcoin ETF landscape. Together, their funds now account for more than $100 billion in combined net assets. IBIT alone holds nearly half of all Bitcoin ETF inflows since the products launched in January 2024. BlackRock’s fund has attracted strong inflows even during market pullbacks. It reflects institutional trust in its low-fee structure and liquidity. Fidelity’s fund, meanwhile, has gained traction among long-term investors who view Bitcoin as a strategic hedge.

Market Outlook Remains Upbeat

Despite short-term swings, Bitcoin ETFs have accumulated over $60.5 billion in net inflows since launch. This underscores strong institutional demand. Analysts expect momentum to continue as more traditional investors allocate to Bitcoin exposure through regulated ETF products. With Bitcoin trading around $100,914 at the time of reporting. The ETF market’s quick reversal suggests investors are once again looking beyond short-term volatility. Additionally, it is betting on Bitcoin’s long-term strength.