US Bitcoin ETFs Break Outflow Streak With $75M Inflows

US spot Bitcoin ETFs experienced a turnaround on Wednesday, posting $75.4 million in net inflows after five days of continuous redemptions. This rebound aligns with Bitcoin's recovery above the $92,000 mark, signaling potential stabilization after a week of declines. The BlackRock iShares Bitcoin Trust led the way, attracting $60.6 million, although it still has a significant outflow of $523 million from the previous day. The Grayscale Bitcoin Mini Trust ETF also reported strong inflows of $53.8 million. Despite this positive development, Fidelity and VanEck's ETFs combined faced outflows of $39 million. Overall, US spot Bitcoin ETFs have seen nearly $3 billion in outflows in November, marking a challenging period for the category. The modest inflow suggests that some investors may be buying the dip or re-entering the market ahead of year-end catalysts, with ETF trading volume rising to $6.89 billion, a nearly 18% increase.

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