The US Bitcoin Spot ETFs have ended a four-week negative streak with a net inflow of $70.05 million in the last week of November, according to data from SoSoValue. This marks the first positive net flow since the last week of October, providing relief after a month of consistent outflows. Bitcoin Spot ETFs closed November with total net outflows of $3.48 billion, but cumulative net inflows stand at $57.71 billion, with total net assets valued at $119.39 billion, representing 6.56% of Bitcoin's market cap.
Individual ETF performances varied: BlackRock's IBIT saw net outflows of $137.01 million in the week, but its cumulative net inflow remains at $62.57 billion. Fidelity's FBTC drove positive momentum with net inflows of $230.44 million, while Grayscale's GBTC and BTC, along with Ark Invest's ARKB, recorded combined net deposits of $31.65 million. Other funds like Bitwise's BITB and VanEck's HODL faced outflows of $18.10 million and $36.95 million, respectively.
Ethereum Spot ETFs also rebounded, attracting $312.62 million in net inflows after three weeks of outflows, bringing cumulative net inflows to $12.94 billion. Total net assets for Ethereum ETFs are $19.14 billion, accounting for 5.19% of ETH's market cap. BlackRock's ETHA and Fidelity's FETH contributed significantly with net deposits of $257.18 million and $45.3 million, respectively.
Amid these developments, BlackRock executive Cristiano Castro commented that the outflows from IBIT in November—totaling $2.34 billion—are perfectly normal for ETFs, emphasizing their liquidity and role in capital allocation. At press time, Bitcoin was trading around $90,840, and Ethereum at $2,991, reflecting minor daily declines but overall consolidation.
