Finance

Bitcoin ETFs Surge: Did $240M Inflows Signal a Bullish Reversal?

Bitcoin ETFs saw nearly $240M inflows Thursday, reversing a six-day outflow streak amid renewed buyer interest.

November 7, 2025, 9:23 AM

Physical Bitcoin coins and letter blocks spelling "ETF" resting on US dollar bills.

The letters ETF rest on a Bitcoin coin atop US dollars, symbolizing entering a digital money fund. By K.unshu / Shutterstock.com.

Executive Summary

U.S. spot Bitcoin exchange-traded funds (ETFs) recorded nearly $240 million in net inflows on Thursday, breaking a six-day streak of over $2 billion in outflows.

BlackRock’s IBIT led the positive momentum with $112.4 million in inflows, followed by Fidelity’s FBTC and Ark 21Shares’ ARKB.

Analysts are cautiously interpreting the renewed inflows, with some viewing it as strengthening accumulation around the $100,000 Bitcoin mark, while others suggest it may be a technical recovery rather than a definitive trend reversal.

The Story So Far

The recent significant outflows from U.S. spot Bitcoin ETFs, influenced by weaker risk appetite, a firmer dollar, and Federal Reserve uncertainty, had pushed Bitcoin below the critical $100,000 psychological threshold; however, renewed inflows suggest investors now perceive this price level as an attractive buying opportunity amidst fading selling pressure.

Why This Matters

The recent return to net inflows for U.S. spot Bitcoin ETFs, following a period of significant redemptions, signals a potential stabilization in institutional interest and renewed accumulation around the critical $100,000 Bitcoin price point. This shift could indicate a fading of selling pressure and a more attractive buying opportunity for some, potentially stabilizing the market after its recent dip, though experts remain divided on whether this marks a sustained trend reversal or merely a technical recovery.

Who Thinks What?

Analysts like Yaroslav Patsira and Nic Puckrin interpret the renewed Bitcoin ETF inflows as a signal of strengthening accumulation around the $100,000 level, easing selling pressure, and representing an attractive buying opportunity as the bull market is expected to continue; QCP Capital also suggests these inflows hint at a potential resurgence of institutional appetite.

Conversely, Ray Youssef, while finding the positive inflows encouraging, cautions that it is “too early to talk about a trend reversal,” suggesting the current activity might be a “technical recovery rather than a return to sustained demand” due to modest volumes and a negative weekly average.

U.S. spot Bitcoin exchange-traded funds (ETFs) registered nearly $240 million in net inflows on Thursday, breaking a six-day streak of outflows that had seen investors withdraw over $2 billion from these products. This turnaround suggests a renewed interest from buyers, particularly as Bitcoin trades around the $100,000 mark.

ETF Inflow Details

BlackRock’s IBIT led the positive momentum with $112.4 million in inflows. Fidelity’s FBTC followed, contributing $61.6 million, while Ark 21Shares’ ARKB added $60.4 million, according to data from Farside Investors. This collective rebound offers a brief respite after what was one of the most significant redemption weeks since the ETFs launched in January.

The positive shift follows a challenging period for Bitcoin ETFs, which experienced substantial daily outflows. Last Friday saw $470.7 million exit the funds, followed by $488.4 million on Monday. Tuesday marked a record $566.4 million in outflows, with IBIT recording no inflows and FBTC losing $356.6 million.

Broader Market Context

Ethereum ETFs mirrored Bitcoin’s trajectory, recording $12.5 million in net inflows on Thursday after nearly a week of withdrawals. Meanwhile, Bitcoin itself, currently trading around $100,257, remains down 20% from its peak of $126,000 last month.

Analysts are interpreting the renewed inflows cautiously. Yaroslav Patsira, fractional director at CEX.IO, told Decrypt that the ETF inflows signal strengthening accumulation around the $100,000 level. He noted that long-term holders have eased their selling pressure, and whale wallets reportedly added over 10,000 BTC recently.

Expert Perspectives on Market Sentiment

A QCP Capital report highlighted that four consecutive sessions of approximately $1.3 billion in net outflows had transformed a major tailwind into a near-term headwind for Bitcoin. The fresh inflows, however, hint at a potential resurgence of institutional appetite.

Nic Puckrin, crypto analyst and co-founder of The Coin Bureau, suggested to Decrypt that the fading selling pressure and falling prices make Bitcoin a more attractive buying opportunity. He added that the prevailing expectation is that the bull market has not ended, with buyers possibly capitalizing on what could be “the last leg of the pump.”

QCP Capital also observed that Bitcoin’s dip below $100,000 on Tuesday reflected weaker risk appetite, influenced by a firmer dollar and Federal Reserve uncertainty. They identified the $100,000 psychological threshold as a critical point that could swiftly alter sentiment if ETF flows stabilize.

Conversely, Ray Youssef, Co-founder and CEO of crypto app NoOnes, while finding the positive ETF inflows encouraging, cautioned Decrypt that it is “too early to talk about a trend reversal.” He pointed to the modest volumes and negative weekly average, suggesting the current activity might be a “technical recovery rather than a return to sustained demand.”

Key Takeaways

The return of net inflows into U.S. spot Bitcoin ETFs marks a significant shift after a period of heavy redemptions. While some experts view this as a sign of renewed accumulation and fading selling pressure, others remain cautious, suggesting it may be a technical recovery rather than a definitive trend reversal. The $100,000 price point for Bitcoin remains a crucial psychological battleground for market sentiment.