The Bitcoin ETFs are pulling $238M, as the Ether Outflow ends after an 8-day streak

After a turbulent week with volatility, spot crypto ETFs (exchange-traded funds) have seen a recovery at the weekend. All Bitcoin, Ether, and Solana funds saw inflows.

This Friday spot Bitcoin is (BTCAfter a day of massive redemptions, ETFs saw a net increase in inflows to $238.4 millions. BlackRock IBIT, with its $108 million contribution, was the catalyst for the change, as were smaller contributions by BITB, ARKB, BTCO, and BITB. Grayscale’s GBTC added $61.5 millions despite being under pressure from outflows. according Farside Investors data.

After a bruising $903 million outflow on Thursday,  the biggest outflow day in November and one of the largest single-day outflows since the products were launched in January 2024.

During the trading day, almost every company was affected by redemptions. IBIT lost $355.5 millions, FBTC $190.4 and GBTC $199.4 respectively.

Related: BlackRock Bitcoin ETF sheds $2.47B in November as outflows hit record $3.79B

Ether funds end 8-day trend of withdrawals

Ether is now redeemable after eight consecutive redemption sessions.ETHFidelity FETH brought in $55.7 millions, helping ETFs to end their loss streak.

The reversal followed a punishing stretch from Nov. 11–20, when Ethereum funds shed a combined $1.28 billion, one of the longest and deepest red waves since their launch.

Meanwhile, Solana (SOLETFs outperform altcoin markets. The five Solana Funds have gathered net inflows of $510 Million since launch. Bitwise’s BSOL has dominated the market with $444 Million. It has now been 10 consecutive days since the group’s inflows began.

Related: ARK Invest wraps up week with Bitcoin ETF, Bullish, Circle, BitMine buys

Ether traders are adding longs.

Ether plunged this week by 15 percent, between Wednesday and the end of Friday. This led to the liquidation of 460,000,000 dollars worth in long leveraged positions.