Bitcoin and Ethereum ETFs See First November Inflows After $2.9 Billion Outflow Streak

Spot Bitcoin and Ethereum exchange-traded funds (ETFs) finally recorded net inflows in November after experiencing six consecutive days of significant outflows totaling nearly $2.9 billion. On Thursday, Bitcoin ETFs attracted $240 million, led by BlackRock's IBIT ($112.44 million), while Ethereum ETFs saw $12.51 million in inflows, despite Grayscale's ETHE recording $3.53 million in outflows. This inflow followed a period between October 29 and November 5 where Bitcoin ETFs saw $2.05 billion in outflows and Ethereum ETFs saw $837.66 million pulled out. Despite the capital influx into the ETFs, the prices of both Bitcoin and Ethereum continued to fall sharply, with Bitcoin trading around $100,768 and Ethereum near $3,284, as analysts watch key technical indicators like the EMA-50 for Bitcoin's next major move.

(Source：BeInCrypto)