Bitcoin ETFs withdrew $238 million as Ether snapped an 8-day losing streak Coinstar

Spot crypto exchange-traded funds (ETFs) saw a rebound at the end of the week, with Bitcoin, Ether and Solana funds all seeing inflows after a week of volatility and declines.

On Friday, spot Bitcoin (BTC) ETFs attracted $238.4 million in net inflows after a wave of heavy buying the day before. BlackRock’s IBIT led the way with $108 million, while smaller contributions from BITB, ARKB and BTCO helped lift sentiment. Even Grayscale’s GBTC, long beleaguered by outflows, added $61.5 million, according to to the data of Farside Investors.

The rally followed Thursday’s massive outflow of $903 million, the biggest outflow in November and one of the biggest one-day outflows since the products launched in January 2024.

During the day, redemptions hit almost all issuers, including IBIT with a loss of $355.5 million, FBTC with $190.4 million withdrawn and GBTC with $199.4 million in outflows.

Related: BlackRock Bitcoin ETF loses $2.47 billion in November as outflows hit record $3.79 billion

Ether funds snap 8-day streak of outflows

After eight straight buying sessions, Ether (ETH) ETFs snapped their losing streak with $55.7 million in inflows on Friday, largely thanks to Fidelity’s FETH, which brought in $95.4 million.

The reversal follows a harsh period from November 11 to 20, when Ethereum funds lost a total of $1.28 billion, one of the longest and deepest red waves since their launch.

Meanwhile, Solana (SOL) ETFs continue to outperform the broader altcoin market. Since launch, five Solana funds have raised $510 million in net inflows, led by an overwhelming majority of Bitwise’s BSOL with $444 million. The group has now recorded a 10-day streak of inflows.

Related: ARK Invest ends the week buying Bitcoin ETFs, Bullish, Circle, BitMine

Ether traders conditionally add longs

Ether has fallen sharply this week, falling 15 percent between Wednesday and Friday and liquidating $460 million in long leveraged positions.