November 30, 2025
New York — After a challenging month marked by significant institutional outflows, U.S. spot Bitcoin and Ethereum exchange-traded funds (ETFs) have signaled a potential reversal in market sentiment. For the shortened trading week ending November 28, both asset classes recorded their first combined week of net positive inflows since late October, breaking a streak of redemptions that had weighed on the crypto sector.
Bitcoin ETFs Break the Losing Streak
According to data from SoSoValue, spot Bitcoin ETFs attracted approximately $70.1 million in net inflows over the four-day trading week, cut short by the Thanksgiving holiday. While modest compared to the sector’s highs, the figure represents a critical psychological shift.
The positive movement ends a punishing four-week period during which Bitcoin ETFs shed roughly $4.3 billion in cumulative assets. The previous week alone saw outflows of $1.22 billion.
On Friday, trading activity highlighted a divergence among major issuers. Ark & 21Shares’ ETF (ARKB) led the pack with $88.0 million in inflows, followed closely by Fidelity’s FBTC, which added $77.5 million. In a surprising twist, BlackRock’s IBIT—the largest spot Bitcoin ETF by assets under management—bucked the positive trend, recording $113.7 million in outflows on Friday to finish the week down $137.0 million.
Ethereum Funds Outpace Bitcoin
While Bitcoin funds stabilized, spot Ethereum ETFs demonstrated more robust momentum, logging approximately $312.6 million in net inflows for the week. This performance snaps a three-week outflow streak that had seen over $500 million exit the products the week prior.
BlackRock’s ETHA fund emerged as the primary driver of this recovery, securing $257.2 million in inflows for the week—accounting for more than 82% of the total net inflows into spot Ether ETFs. On Friday alone, ETHA added $68.27 million, reinforcing institutional appetite for the second-largest cryptocurrency despite recent price volatility.
Solana ETFs Join the Recovery
Beyond the major two assets, Solana-based funds also showed resilience. After snapping a 21-day inflow streak on Wednesday with $8.1 million in outflows, Solana ETFs recovered on Friday with $5.4 million in positive flows. Grayscale’s GSOL and Fidelity’s FSOL led the recovery, offsetting minor outflows from competing products.
Market Outlook
The return to positive inflows comes amidst a broader stabilization in crypto asset prices. Bitcoin was trading near $90,415, while Ethereum hovered around $2,975 as of late Friday. Analysts suggest that the shift in ETF flows could indicate that the heavy institutional selling pressure observed throughout November is beginning to abate, potentially setting the stage for renewed momentum as the year draws to a close.
