Bitcoin Spot ETFs See $457 Million Inflows, Third Largest Since October
Bitcoin spot ETFs attracted net inflows of $457 million on Thursday, marking the third-largest single-day inflow since October 8, according to SoSoValue data. This follows previous significant inflows of $523.98 million on November 11 and $477.19 million on October 21.
The largest inflows originated from BlackRock's IBIT with $262.11 million, Fidelity's FBTC at $123.61 million, and Bitwise's BITB receiving $21.9 million. In contrast, outflows were primarily experienced by Grayscale's GBTC at -$25.11 million and Hashdex's DEFI at -$1.45 million.
Meanwhile, Bitcoin's price traded around $88,700, up about 1.5% over the past 24 hours, as per CoinGecko data. The inflows reflect institutional demand and a preference for liquidity and regulatory clarity surrounding BTC ETFs amid macroeconomic uncertainty.
Conversely, Ethereum ETFs recorded $22.43 million in outflows on the same day, marking a fifth consecutive day of redemptions, while XRP and other altcoins remained relatively flat. This pattern suggests that capital is consolidating around Bitcoin rather than exiting the crypto market, consistent with price resilience and absorption of selling pressure.
Holiday trading conditions may result in low volume and liquidity, potentially increasing market volatility. Additionally, Myriad assigns a 63% probability that Bitcoin will reach $100,000, compared to a lower likelihood of falling to $69,000.
