Bitcoin ETF inflows resume amid renewed investor optimism in BTC

US spot Bitcoin exchange-traded funds saw renewed inflows on November 27 as investor sentiment for the flagship cryptocurrency increased, driven by Bitcoin’s rise towards the $100,000 milestone.

According to data from SoSoValue, 12 spot Bitcoin ETFs recorded inflows of $103.09 million on Nov. 27, ending two consecutive days of outflows that saw over $561 million outflow from the funds.

Bitwise’s BITB led the inflow with $48.05 million, followed by Fidelity’s FBTC, which reported an inflow of $40.24 million. Grayscale Bitcoin Mini Trust and Franklin Templeton’s EZBC contributed $11.99 million and $2.81 million, respectively.

The remaining eight Bitcoin ETFs did not record any flows on the day.

Total trading volume of the 12 Bitcoin ETFs reached $4.59 billion on November 27, consistent with the previous day’s activity.

Bitcoin ETFs continued inflows as investor sentiment turned positive, and profit-taking appeared subdued as investors tried to push Bitcoin towards the $100,000 milestone.

Bitcoin (BTC) traded at $95,484, up 3% in the last 24 hours. It briefly retested the $97,000 level earlier in the day. This rally was supported by $56.85 million in Bitcoin short liquidations during the same period.

Meanwhile, nine spot Ethereum ETFs recorded inflows for the fourth consecutive day on November 27, with $90.1 million entering the funds.

Fidelity’s FETH led Ethereum 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 outflows on the day.

Ethereum (ETH) has also experienced a price increase, rising 5.2% over the past day to $3,598 per token at press time.