Bitcoin Spot ETFs End 5-Day Outflow Streak With $75M in Fresh Inflows

Bitcoin Spot ETFs rebounded with $75 million in inflows after a 5-day outflow, reversing the earlier trend, including the record intraday withdrawal of more than $500 million from the BlackRock Bitcoin Trust ETF ( IBIT) on Tuesday. The renewed institutional interest has pushed the price of bitcoin up today. Moreover, BlackRock’s effort to expand in the crypto ETF products continues, with the latest registration for an Ethereum Staking ETF.

Bitcoin Spot ETFs Break 5-Day Outflow Streak

Bitcoin Spot ETFs have recorded an inflow of 75 million yesterday, November 19, making a strong comeback. The ETF rebound and inflow of $75 million have created a bullish impact in the market, with bitcoin trading at around $91,977.52. The market cap reached $1.83 trillion. The 24-hour trading volume also improved by over 2 %. 

The investors are now keenly watching whether the most valued cryptocurrency can rebound to $100k level. The rebound is led by IBIT with $60.6 million inflow. According to the latest update, the IBIT ETF closed the regular session down 3.67% at $50.73, but rebounded in after-hours trading, rising 3.13% to $52.32. Founded back in 1988, BlackRock is a pioneer when it comes to crypto ETFs. The company’s most significant move was the launch of IBIT back in 2024. 

The investors had earlier pulled a record amount of $523 million from the BlackRock Bitcoin ETF ( IBIT) in a single day. Although the rebound occurred, the shocking outflows on Tuesday reflected the gravity of the recent crypto-wide market slowdown and its impact on institutional investor sentiments.

Investors Pulled Record $523 Million Within a Single Day

The BlackRock iShares Bitcoin Trust ETF ( IBIT), the flagship product of the leading market maker, faced record withdrawals amounting $523 million on Tuesday. According to the financial analyst, Jacob King’s X post, it’s the biggest outflow ever recorded. Launched back in 2024, the pioneering crypto fund has garnered record investments and has been central to crypto expansion and adoption. 

The ETF outflows showed the profit-taking tenancy prevailing in the crypto market, which had been facing a slowdown since the record crash on October 10 and a further hawkish Fed policy shift. Nevertheless, the rebound of the IBIT shows that the institutional interest remains intact. 

Amid the growing wave of ETFs and institutional demands in the crypto space, BlackRock registered a new iShares Staked Ethereum Trust in Delaware yesterday, November 19. The move marks the first step in launching a staking-enabled Ethereum Exchange Traded Fund (ETF). 

BlackRock moves towards an Ethereum Staking ETF

The document of registration for Etherwum staking ETF was filed by Daniel Schweiger, a managing director at BlackRock.  He had earlier handled the registration of the original iShares Ethereum Trust (ETHA). The trust is registered under the Securities Act of 1933. The staking ETFs hold not just a proof-of-stake cryptocurrency like Ethereum but also actively stake those holdings to earn on-chain rewards.