CryptoETHU.S. Bitcoin ETFs See Renewed Inflows, Ethereum ETFs Also Record Gains

U.S. Bitcoin ETFs See Renewed Inflows, Ethereum ETFs Also Record Gains

U.S. spot Bitcoin exchange-traded funds (ETFs) saw a resurgence of inflows on November 27, as investor sentiment toward Bitcoin improved, driven by its rally toward the $100,000 mark.

Data from SoSoValue revealed that the 12 spot Bitcoin ETFs collectively recorded $103.09 million in inflows on November 27, reversing two days of consecutive outflows that had seen over $561 million exit the funds. Leading the charge was Bitwise’s BITB, which saw $48.05 million in inflows, followed by Fidelity’s FBTC with $40.24 million. Other significant contributions came from Grayscale’s Bitcoin Mini Trust, which added $11.99 million, and Franklin Templeton’s EZBC with $2.81 million.

The total trading volume for the 12 Bitcoin ETFs reached $4.59 billion, consistent with the previous day’s activity. Bitcoin’s price 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, as profit-taking remained subdued.

Meanwhile, Ethereum ETFs also saw strong inflows on November 27, marking their fourth consecutive day of positive movement. The nine spot Ethereum ETFs recorded $90.1 million in inflows, led by Fidelity’s FETH with $38.01 million and Grayscale’s Mini Ethereum Trust with $37.29 million. VanEck’s ETHV and Bitwise’s ETHW added $13.25 million and $1.56 million, respectively.

Ethereum’s price also surged, rising 5.2% to $3,598 per coin at press time. No Ethereum ETFs reported outflows on the day, signaling continued investor confidence in the asset.

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Andrew
Andrew
Self-taught investor with over 5 years of financial trading experience Author of numerous articles for hedge funds with over $5 billion in cumulative AUM and Worked with several global financial institutions. After finding success using his financial acumen to build an investment portfolio, Andrew began writing and editing articles about the cryptocurrency space for sites such as chaincryptocoins.com, ensuring readers were kept up to date on hot topics such as Bitcoin and The latest news on digital currencies and Ethereum.

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