Bitcoin News Today: Market Carves a Floor as Crypto ETFs Attract Cautious Capital

Institutional capital is cautiously returning to crypto exchange-traded funds (ETFs) after a turbulent month, with spot Bitcoin and Ethereum funds attracting fresh inflows amid a fragile market consolidation phase. On November 25, spot Bitcoin ETFs recorded $129 million in net inflows, led by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $170.8 million, while Ethereum ETFs added $78.58 million, driven by BlackRock's iShares Ethereum Trust (ETHA) at $46.09 million and Fidelity's FETH with $47.54 million according to reports. These figures mark a reversal from November's broader outflows, which as data shows saw over $3.5 billion withdrawn from Bitcoin ETFs amid macroeconomic uncertainty and volatility.

The inflows, though modest compared to earlier inflow peaks, signal a tentative re-engagement by institutional investors. Timothy Misir, director of BRN Research, noted that ETF flows have provided "the first meaningful bid in days" for Bitcoin, helping stabilize the asset within a $84,000–$90,000 range according to analysis. However, he emphasized that on-chain pressure remains high, with one-third of Bitcoin's supply still trading at a loss, and recent selling pressure largely attributed to short-term holders.

Ethereum's ETF performance reflects a similar duality. While net inflows hit $96.67 million on November 24-led by BlackRock's $92.6 million contribution-the broader altcoin market remains subdued. Ethereum's price hovered above $2,900, supported by institutional accumulation from large whale wallets, yet technical indicators like the suggest a neutral-to-bullish short-term outlook as market data indicates. Meanwhile, XRP ETFs have emerged as a bright spot, pulling in $643.92 million in cumulative inflows during their first month, with Franklin Templeton's XRPZ and Grayscale's GXRP driving demand according to reports.

The rebound is not universal. Smaller Bitcoin ETFs like Bitwise's BITB and ARKB experienced outflows, according to data, highlighting uneven investor sentiment. Similarly, Dogecoin ETFs underperformed expectations, with Grayscale's GDOG attracting just $1.4 million in its debut, far below analyst forecasts according to market analysis. Analysts attribute this to a broader trend of institutional preference for Bitcoin and Ethereum over altcoins, despite new product launches.

Macro factors continue to shape the landscape. The U.S. Federal Reserve's uncertain policy path-marked by mixed inflation data and shifting rate-cut expectations-has kept capital flows volatile as macro data shows. Gabe Selby of Kraken-owned CF Benchmarks described November 2025 as the "worst month ever for ETF flows," yet noted that the drawdown reflects profit-taking rather than panic selling according to analysis. He added that institutions are adopting a "wait-and-see" approach, with February 2025's $3.5 billion outflows preceding Bitcoin's eventual all-time highs serving as a cautionary precedent.

Looking ahead, market participants are monitoring key catalysts. A potential year-end rebound in Bitcoin ETF flows could ease the supply-demand imbalance created by November's selling pressure, while sustained inflows into Ethereum and XRP ETFs may reinforce broader crypto market stability. However, risks remain, including renewed outflows, macroeconomic volatility, and on-chain distribution risks. As Misir observed, "The market is carving a floor, not breaking out," with a reclaim of $92,000 for Bitcoin or sustained inflows across major ETFs needed to confirm a recovery according to market analysis.