Spot Bitcoin ETFs pull $238M as Ether funds snap 8-day outflow streak

Spot crypto ETFs finally caught a break after a brutal week — Bitcoin, Ether, AND Solana funds all saw fresh money flow in. Friday's rebound came after Thursday's absolute bloodbath.

Bitcoin ETFs pulled in $238.4 million in net inflows, with BlackRock's IBIT leading the charge at $108 million. Even Grayscale's GBTC — usually the outflow king — actually added $61.5 million. Data from Farside Investors confirms the turnaround.

This recovery is massive considering Thursday's $903 million outflow was the biggest redemption day in November and one of the largest single-day outflows since these products launched in January 2024. Every major issuer got hit — IBIT lost $355.5 million, FBTC shed $190.4 million, and GBTC bled $199.4 million.

After EIGHT straight days of outflows, Ether ETFs snapped the losing streak with $55.7 million in inflows on Friday. Fidelity's FETH carried the team with $95.4 million in fresh capital.

That brutal Nov 11–20 stretch saw Ethereum funds dump a combined $1.28 billion — one of the longest and deepest redemption waves since launch.

Solana ETFs continue to absolutely dominate the altcoin space. Since launch, the five Solana funds have gathered $510 million in net inflows, with Bitwise's BSOL leading at $444 million. They've now logged a 10-day inflow streak — absolute chads.

Ether got absolutely wrecked this week — down 15% between Wednesday and Friday, liquidating $460 million in leveraged long positions.

Despite the carnage and a 47% drawdown since August's ATH, derivatives data shows top traders slowly adding long exposure. Futures funding rates climbed from 4% to 6% — early signs of stabilization, though bullish demand remains weak AF.