Key Points
- Bitcoin ETFs witnessed renewed inflows on Nov. 27 as Bitcoin rallies towards the $100K mark.
- Ethereum ETFs also recorded inflows for the fourth consecutive day on Nov. 27.
On November 27, exchange-traded funds (ETFs) for Bitcoin in the U.S. experienced a resurgence of inflows.
This resurgence was fueled by an improved investor sentiment towards Bitcoin, which is nearing the $100K milestone.
Bitcoin ETFs Inflows
Data from SoSoValue shows that the 12 Bitcoin ETFs recorded inflows of $103.09 million on Nov. 27.
This ended a two-day streak of outflows where over $561 million exited these funds.
Bitwise’s BITB led the inflows, recording $48.05 million, while Fidelity’s FBTC followed closely with $40.24 million.
Grayscale Bitcoin Mini Trust and Franklin Templeton’s EZBC also contributed inflows of $11.99 million and $2.81 million respectively.
The remaining eight Bitcoin ETFs saw no inflows on that day.
The total trading volume for these 12 Bitcoin ETFs reached $4.59 billion on Nov. 27, mirroring the previous day’s activity.
Investors were optimistic, driving Bitcoin towards the $100K milestone.
Bitcoin was up 3% over the past 24 hours, trading at $95,484 after briefly touching the $97K level earlier in the day.
This rally was supported by $56.85 million in Bitcoin short liquidations.
Ethereum ETFs Inflows
In addition to Bitcoin, the nine Ethereum ETFs also recorded inflows for the fourth consecutive day on Nov. 27, with $90.1 million entering the funds.
Fidelity’s FETH led the inflows with $38.01 million, followed by Grayscale Mini Ethereum Trust with $37.29 million.
VanEck’s ETHV and Bitwise’s ETHW contributed $13.25 million and $1.56 million, respectively.
None of the Ethereum ETFs reported any outflows on that day.
Ethereum also saw a price increase, rising 5.2% over the past day to $3,598 per coin.