United States-listed spot Bitcoin exchange-traded funds saw a brief recovery on Wednesday with $75.4 million in net inflows, ending a five-day streak of continuous redemptions. The turnaround came as Bitcoin moved back above the $92,000 level, offering early signs of stabilisation after a week of selling pressure.
Farside Investors data indicated that BlackRock’s iShares Bitcoin Trust led the inflows with $60.6 million. This comes after a much larger outflow of $523 million the previous day. Grayscale’s Bitcoin Mini Trust followed with inflows worth $53.8 million.
In contrast, spot Bitcoin ETFs from Fidelity and VanEck experienced combined outflows of $39 million on the same day.
Bitcoin Reclaims Ground After Midweek Slump
Bitcoin climbed to $92,000 on Wednesday, supported partly by the renewed ETF inflows. However, prices later dipped to $88,500 on Thursday before stabilising once more. At the time of writing, BTC trades near $91,700, according to CoinGecko.
The price movements suggest that some investors are cautiously returning to the market despite a broader risk-off sentiment throughout the week.
ETFs Struggle Through Heavy November Outflows
The Wednesday inflow followed a difficult period in which US spot Bitcoin ETFs shed nearly $3 billion in November. This places the category on track to surpass February, which saw $3.56 billion in outflows.
The heaviest redemptions last week included $868 million on 13 November and nearly $500 million on 14 November.
Fidelity’s FBTC suffered consecutive large outflows of $132.9 million and $119.9 million. Other issuers, including Bitwise, Ark and Invesco, faced several days of negative flows.
Bitcoin ETF flows, in USD million. Source: Farside Investors
CoinShares reported that global crypto ETPs saw $2 billion in outflows last week, marking the highest weekly total since February. US products accounted for 97 percent of this figure, showing that the sell-off was largely concentrated in the American market.
Trading Activity Rises Despite Outflows
While the overall trend remains negative, the latest figures show that not all investors have stepped back. SoSoValue data revealed that ETF trading volume climbed to $6.89 billion on Wednesday, an increase of nearly 18 percent from the previous day.
This rise in activity suggests that some investors are buying the dip or positioning themselves ahead of potential year-end market catalysts.
Although the $75 million inflow does not offset the steep losses of the past week, it signals a tentative shift in sentiment as Bitcoin attempts to stabilise above key price levels.
Signs of Early Stabilisation in a Volatile Month
November has been marked by significant volatility driven by macroeconomic concerns and profit-taking after Bitcoin’s strong gains earlier in the year.
The recent inflows, paired with a rebound in trading activity, provide a glimpse of renewed confidence, although the broader market remains cautious.
Investors will be watching closely for sustained price stability and further inflows as the month progresses.
