Investor sentiment toward the premier cryptocurrency improved on Nov. 27, resulting in renewed inflows into U.S. spot Bitcoin exchange-traded funds, which were driven by Bitcoin’s rally toward the $100,000 milestone
On November 27, the 12 Bitcoin ETFs that were in the top spot recorded $103.09 million in inflows, which marked the conclusion of two consecutive days of outflows during which over $561 million was departed the funds, according to data from SoSoValue.
Fidelity’s FBTC reported $40.24 million in inflows, closely following Bitwise’s BITB, which dominated the inflows with $48.05 million. Grayscale Bitcoin Mini Trust and Franklin Templeton’s EZBC each contributed $11.99 million and $2.81 million, respectively.
No transactions were recorded in the remaining eight Bitcoin ETFs on the day in question.
On November 27, the 12 Bitcoin ETFs’ total trading volume was $4.59 billion, which was consistent with the previous day’s activity.
Inflows into Bitcoin ETFs resumed as investor sentiment improved, and profit-taking was mitigated as investors endeavored to propel Bitcoin toward the $100,000 threshold.
Bitcoin was trading at $95,484 after momentarily retesting the $97K level earlier in the day, a 3% increase over the past 24 hours. During the same period, $56.85 million in Bitcoin short liquidations supported this rally.
On November 27, the nine Ethereum ETFs that are currently in the top position experienced their fourth consecutive day of inflows, with $90.1 million being injected into the funds.
Fidelity’s FETH was the first to receive Ethereum inflows, with $38.01 million. Grayscale Mini Ethereum Trust followed with $37.29 million. VanEck’s ETHV and Bitwise’s ETHW each contributed $13.25 million and $1.56 million, respectively.
On the day in question, none of the Ethereum ETFs reported any outflows.
Ethereum’s price also experienced a surge, increasing by 5.2% over the past day to $3,598 per coin at the time of publication.