Bitcoin ETFs Rebound With $238M Inflows as Ethereum Funds Break Eight-Day Losing Streak

Bitcoin ETFs Stage Friday Turnaround

Spot Bitcoin exchange-traded funds rebounded sharply on Friday, pulling in $238.4 million in net inflows after experiencing significant redemptions earlier in the week^[2]. The recovery was led by BlackRock's IBIT, which contributed $108 million to the turnaround^[2].

Smaller contributions from BITB, ARKB, and BTCO helped restore investor sentiment following Thursday's heavy outflows^[2]. Notably, Grayscale's GBTC, which has historically faced persistent redemption pressure, added $61.5 million to the day's total, according to data from Farside Investors^[2].

Ethereum Funds End Prolonged Outflow Period

After eight consecutive sessions of net redemptions, Ethereum ETFs finally broke their losing streak on Friday with $55.7 million in inflows^[2]. Fidelity's FETH powered the reversal, attracting $95.4 million on its own^[2].

The turnaround comes as welcome relief for Ethereum products, which shed a combined $1.28 billion between November 11 and November 20, representing one of the longest and deepest periods of outflows since the funds launched^[2].

Despite the Friday recovery, Ethereum has faced significant headwinds this week. The cryptocurrency dropped 15 percent between Wednesday and Friday, triggering $460 million in liquidations of leveraged long positions^[2]. Since reaching its all-time high in August, Ethereum has experienced a total drawdown of 47 percent^[2].

Solana ETFs Maintain Momentum

Solana ETFs continue to demonstrate strong performance relative to the broader altcoin market. Since their launch, the five Solana funds have accumulated $510 million in net inflows, with Bitwise's BSOL accounting for $444 million of that total^[2]. The products have now logged a 10-day consecutive inflow streak^[2].

Signs of Stabilization in Derivatives Markets

Despite recent price weakness, derivatives data suggests that top Ethereum traders may be positioning for a potential reversal. Futures funding rates have climbed from four percent to six percent, indicating early signs of stabilization, though bullish demand remains relatively weak^[2].

BitMine Announces Dividend to Restore Confidence

In related corporate news, Tom Lee's Ethereum treasury firm BitMine Immersion Technologies announced its first annual dividend in an effort to boost investor appeal following a steep stock decline^[1]. The company declared a $0.01 dividend per BMNR share, payable on December 29, positioning itself as "the first large-cap crypto company" to offer an annual payout^[1].

BitMine also reported net income of $328 million for the fiscal year ending August 31, equating to approximately $13.39 in fully diluted earnings per share^[1]. The company plans to launch a staking infrastructure product called MAVAN (Made-in America Validator Network) in early 2026^[1].

However, 10x Research founder Markus Thielen warned that BitMine and other Digital Asset Treasury firms face "deep structural issues" as declining share prices eliminate the net asset value premiums that previously drove investor enthusiasm^[1].

The Friday recovery in cryptocurrency ETF flows suggests that institutional investors remain engaged despite recent market volatility, though the sustainability of these inflows will likely depend on broader market conditions in the coming weeks.