- Bitcoin ETFs ended six days of outflows with $240 million in inflows, led by BlackRock’s IBIT and Fidelity’s FBTC.
- Ethereum ETFs saw $12.51 million in net inflows, marking renewed investor confidence despite recent price declines in the broader crypto market.
- Around 30% of Bitcoin’s supply remains at a loss, a level that historically precedes strong accumulation phases and market recovery trends.
Bitcoin ETFs End Six-Day Outflow Streak with $240 Million Inflows
Bitcoin exchange-traded funds (ETFs) saw renewed inflows on November 6 (ET), over a net total of $240 million worth of inflows after six days of consecutive outflows. This flow of fund movements could suggest that sentiment from institutional investors is improving as the market continues to consolidate.
BlackRock’s IBIT led with $112.44 million in inflows, while Fidelity’s FBTC added $61.64 million and ARKB followed with $60.44 million. Grayscale’s GBTC recorded no inflows, suggesting reduced investor participation compared to its peers. The total net assets of all spot Bitcoin ETFs climbed to $135.43 billion, now accounting for approximately 6.73% of Bitcoin’s total market capitalization.
The fresh accumulation comes as market watchers believe institutions are developing growing confidence. This is also observed with phases of re-accumulation following price consolidation. The influx of ETF funds is a sign that investors are positioning themselves for potential gains in the months ahead.
Institutional Demand Signals Renewed Optimism for Ethereum ETFs
Spot Ethereum ETFs also recorded positive activity on the same day, breaking a similar six-day streak of outflows. A total of $12.51 million flowed into Ethereum-based funds, marking the first net inflow since late October. The inflow indicates investor confidence returning despite recent market softness.
BlackRock’s ETHA led the Ethereum ETF inflows with $8.01 million, followed by Fidelity’s FETH contributing $4.95 million. In contrast, Grayscale’s ETHE continued to experience outflows of $3.53 million. The combined net assets of all Ethereum-based ETFs are now estimated at $21.75 billion, which is about 5.45% of Ethereum’s total market cap.
While Ethereum’s price was down about 4% on the day, the re-emergence of inflows into these funds points to renewed institutional accumulation. Investors now seem to be setting up for long-term exposure, suggesting recovery may be the case after the previous profit-taking action.
Bitcoin Supply in Loss Reaches 30% as Accumulation Rises
A recent update from Quant shared by Investopedia indicated that nearly 30% of Bitcoin’s circulating supply is currently at a loss. Historically, such conditions have preceded accumulation periods and market recoveries, often signaling the end of bearish phases.
When this metric has reached similar levels in previous cycles, Bitcoin has typically transitioned from capitulation to renewed bullish activity. Analysts view this as a reflection of long-term investor conviction amid short-term volatility.
As Bitcoin ETFs regain inflows and supply in loss climbs, the market may be entering a key accumulation phase. Historical trends suggest that this environment has often marked the beginning of new market momentum driven by strategic institutional buying.
