Spot Bitcoin exchange-traded funds attracted $129 million in net inflows on November 25, signaling renewed investor confidence despite broader market uncertainty. Ethereum ETFs followed suit with $78 million in additions, marking three consecutive days of positive momentum for the digital asset class.
Fidelity's Wise Origin Bitcoin Fund captured the largest share of inflows at $170.80 million. BlackRock's iShares Bitcoin Trust added $83.01 million to its holdings. The data from SoSoValue revealed a clear preference for major issuers among institutional investors.
Smaller providers experienced mixed results. Bitwise Bitcoin ETF and Ark 21Shares Bitcoin ETF both reported outflows, suggesting investors concentrated their capital in established products. Total cumulative inflows across all spot Bitcoin ETFs now stand at $57.61 billion. Daily trading volume remained robust at $4.69 billion.
At press time, Bitcoin is trading at around $87,752, suggesting a 0.16% increase in the last 24 hours.
BTC price chart, Source: CoinMarketCap
Ethereum Products Gain Traction Among Institutions
BlackRock's iShares Ethereum Trust led Ethereum ETF inflows with $46.09 million. Fidelity Ethereum Fund secured $47.54 million in new investments. The sustained interest demonstrates growing institutional acceptance of the second-largest cryptocurrency.
Grayscale Ethereum Mini Trust attracted $8.29 million in fresh capital. However, the original Grayscale Ethereum Trust faced $23.33 million in redemptions. This pattern continues a trend of investors migrating from legacy products to newer, lower-fee alternatives.
The divergence in flows between Grayscale's products highlights the competitive pressure established funds face from recent market entrants. Fee structures and product design increasingly influence investor decisions in the maturing ETF landscape.
At the time of writing, Ethereum is trading at around $2,943, suggesting a 0.86% increase in the last 24 hours.
ETH price chart, Source: CoinMarketCap
New Cryptocurrency ETFs Enter Market with Varied Results
Grayscale's spot Dogecoin ETF launched with $1.4 million in opening-day volume. The figure fell short of analyst projections of $12 million but aligned with typical launch metrics for niche cryptocurrency products. Bitwise's competing Dogecoin ETF is scheduled to begin trading shortly.
Both products differ from earlier offerings by holding the underlying token directly. This structure resulted from updated SEC filing rules that expanded permissible cryptocurrency holdings. The earlier DOJE fund, which uses derivative instruments rather than direct holdings, recorded a stronger $17 million debut.
Spot XRP ETFs generated significantly more interest with nearly $130 million in first-day inflows. The strong performance suggests investor appetite varies considerably based on the specific cryptocurrency and product structure.
