Spot Bitcoin exchange-traded funds in the US returned to net inflows on Wednesday, breaking a five-day run of outflows that had pulled more than $2 billion from the sector.
Data from Farside Investors showed total net inflows of $75.47 million, driven primarily by renewed buying in BlackRock’s iShares Bitcoin Trust (IBIT) and Grayscale’s Mini Bitcoin Trust.
IBIT recorded $60.61 million in inflows, reversing course after its record single-day outflow of $523 million on Tuesday — its largest daily redemption since launch.
| Date | IBIT | FBTC | BITB | ARKB | BTCO | EZBC | BRRR | HODL | BTCW | GBTC | BTC | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 19 Nov 2025 | 60.6 | (21.4) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (17.6) | 0.0 | 0.0 | 53.8 | 75.4 |
| 18 Nov 2025 | (523.2) | 0.0 | 0.0 | 0.0 | 0.0 | 10.8 | 0.0 | 0.0 | 0.0 | 0.0 | 139.6 | (372.8) |
| 17 Nov 2025 | (145.6) | (12.0) | (9.5) | (29.7) | 0.0 | 0.0 | 0.0 | (23.3) | 0.0 | (34.5) | 0.0 | (254.6) |
| 14 Nov 2025 | (463.1) | (2.1) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (6.0) | (25.1) | (492.1) |
| 13 Nov 2025 | (256.6) | (119.9) | (47.0) | (15.7) | (30.8) | (5.7) | 0.0 | (8.3) | 0.0 | (64.5) | (318.2) | (866.7) |
| 12 Nov 2025 | (36.9) | (132.9) | 0.0 | (85.2) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | (23.1) | 0.0 | (278.1) |
Grayscale’s Mini Bitcoin Trust saw an additional $53.84 million enter the product.
The net figure was weighed down by outflows from two issuers. Fidelity’s FBTC recorded $21.35 million in redemptions, while VanEck’s HODL saw $17.63 million exit the fund.
The return to inflows came against a challenging backdrop for the broader crypto market.
Bitcoin recently dropped below $90,000, retreating sharply from its all-time high above $126,000 earlier this month.
The five-day outflow streak from Nov. 12 to 18 mirrored the downturn in sentiment and the intensifying risk aversion among traders.
The crypto market remains fragile
Over the past day, the digital asset market fluctuated between $3.02 trillion and $3.16 trillion in total value, moving in response to the release of FOMC minutes and Nvidia’s earnings.
By early Thursday, the market stood at about $3.13 trillion, largely unchanged but still exhibiting signs of fragility.
Bitcoin traded just below $92,000 at the start of the day, maintaining a tight range around this level for four consecutive sessions.
However, the broader trend points to sustained selling pressure.
Over the past ten days, the cryptocurrency has registered progressively lower local highs and lows, including a dip to $88.5K late Wednesday.
Market structure remains vulnerable. The pattern of aggressive sell-offs suggests that bears may soon locate key stop-out levels, raising the risk of a cascading liquidation event if downward momentum accelerates.
Federal Reserve positioning also remains a significant source of volatility.
Chair Jerome Powell’s remarks have tempered expectations for a December rate cut, complicating the outlook for risk assets.
According to the CME Group’s FedWatch Tool, traders now see a 33.8% probability of a 25-basis-point cut next month, down from 48.9% earlier in the week.
The shift has reinforced investor caution, reflected in the Crypto Fear and Greed Index, which stands at 11 — a reading consistent with extreme fear.
Sentiment remains sensitive, with markets reacting sharply to negative developments and failing to sustain momentum on positive news.
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