Bitcoin ETFs shed over $400 million in outflows.
(Photo by Michael M. Santiago/Getty Images)
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Key Takeaways
U.S. spot Bitcoin ETFs command $102.23 billion in BTC or 5.44% of its market cap.
Altcoin (Ripple, Solana, Litecoin) ETF applications are piling up with hopes of 2025 launches.
Ethereum ETFs could have staking enabled by the SEC under Donald Trump.
U.S. spot Ethereum ETFs hold a combined $10.28 billion in ETH or 2.44% of its market cap.
U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) have dropped almost half a billion in exits after yet another multi-billion winning streak. Meanwhile, Ethereum (ETH) funds maintain a modest inflow momentum.
As per the latest data from SoSoValue, Bitcoin ETFs began the week on the back foot, shedding $438.38 million in total net outflows on Nov. 25 after pulling a historic $3.38 billion in net inflows last week.
Bitcoin ETF flows. Source | SoSoValue
Undeterred, BlackRock’s iShares Bitcoin Trust (IBIT) maintained momentum with $267.79 million in net inflows, raising its cumulative net inflows to $31.6 billion. IBIT commands $47.03 billion in net assets or an impressive 2.5% of BTC’s market cap.
The Grayscale Bitcoin Mini Trust captured a small percentage of the day’s success, netting $420,460 in net inflows. Though, that’s where the good news ends.
The Bitwise Bitcoin ETF (BITB) took the biggest loss of the day, losing $280.73 million in net outflows.
It is followed by the Grayscale Bitcoin Trust (GBTC), which posted outflows of $158.24 million, bringing its cumulative net outflows to $20.48 billion.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) recorded outflows of $134.72 million, and the ARK 21Shares Bitcoin ETF (ARKB) lost $110.88 million in exits.
Smaller losses were incurred by the Invesco Galaxy Bitcoin ETF (BTCO), which saw $10.89 million in exits.
Similarly, VanEck’s Bitcoin ETF (HODL) shed $8.05 million. Finally, the Valkyrie Bitcoin Fund (BRRR) posted $3.09 million in net outflows.
Ethereum ETFs
According to SoSoValue, Ethereum ETFs have posted positive flows totaling $2.83 million, marking a second day of inflows in a row following last week’s meager but consistent outflows.
Ethereum ETF flows. Source | SoSoValue
Funds are showing strength as the Bitwise Ethereum ETF (ETHW) pulls a solid $8.75 million in net inflows, followed by Fidelity’s Ethereum Fund (FETH), which captured inflows of $4.36 million.
Just behind, the VanEck Ethereum Trust (ETHV) netted a modest $2.55 million.
In true outflow tradition, no day would be complete without the Grayscale Ethereum Trust (ETHE), which shed $7.65 million from its dwindling fund.
Since launching, ETHE hasn’t captured a single day of inflows, bringing its cumulative outflows to $3.35 billion.
Grayscale’s secondary fund, the Ethereum Mini Trust, posted outflows of $3.69 million, marking day four of its very own outflow streak.
Finally, the 21Shares Core Ethereum ETF (CETH) saw its first-ever day of outflows, shedding a modest $1.22 million from its fund.
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
