U.S. Bitcoin (BTC) and Ether (ETH) ETFs Take In $127.6 Million

U.S.-listed spot Bitcoin (BTC) and Ether (ETH) ETFs drew $127.6 million Wednesday, Nov. 4, reversing recent net outflows as Bitcoin and U.S. stocks advanced after Democrats’ midterm victories. Bitcoin funds received $74.6 million and Ether funds took in $53 million. The Bitcoin total followed three consecutive trading days of outflows worth $1.16 billion. Ether funds had lost $657 million over seven days before Wednesday’s inflow. Bitcoin climbed above $80,000, while U.S. stocks advanced Wednesday. BlackRock’s iShares Bitcoin Trust (IBIT) went against the broader flow, losing $201.2 million. That extended its outflow streak to four sessions and brought withdrawals across those sessions to $935.2 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) led Bitcoin funds with roughly $237 million in inflows.

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