Bitcoin, Ether ETFs draw $128M as crypto rebounds after midterms
Summary
US spot Bitcoin and Ether ETFs returned to net inflows Wednesday, adding $74.6 million and $53 million, respectively, after several sessions of withdrawals. The inflows ended Bitcoin ETFs’ three-day, $1.16 billion outflow streak and Ether ETFs’ seven-day, $657 million streak. Bitcoin rose above $80,000 as US stocks rallied after the midterm elections. BlackRock’s IBIT still saw $201.2 million in outflows, while Fidelity’s FBTC led Bitcoin ETF inflows with about $237 million. Analysts said easing election uncertainty may have supported a relief rally, but cited liquidity, institutional flows and broader risk appetite as more important price drivers.
