Bitcoin News Today: Abu Dhabi Triples Bitcoin ETF Stake, Spurring $238M Inflow

US Spot Bitcoin ETFs End Outflow Streak with $238M Inflow Amid Market Volatility

According to Coinfomania

Bitcoin spot exchange-traded funds (ETFs) concluded a six-day outflow streak with a $238 million net inflow on November 21, signaling a potential stabilization in the market after months of turbulence. This reversal followed a record $903 million outflow on November 20, the second-largest single-day withdrawal in ETF history, and marked the first significant inflow since mid-October. The inflow, driven by renewed institutional interest in low-cost products like Fidelity's FBTC and Grayscale's Mini Trust, brought total ETF assets to $110.1 billion, stabilizing after a $15 billion correction in November.

The recovery came as Bitcoin (BTC-USD) traded near $84,500, down from a peak of $125,100 in late October. BlackRock's iShares Bitcoin Trust (IBIT), the largest spot Bitcoin ETF, contributed $15 million to the inflow, rebounding from a record $523 million outflow on November 19-the fund's worst day since its January 2024 launch. Despite the positive turn, November remains the worst month for Bitcoin ETFs since their debut, with cumulative outflows exceeding $3.79 billion.

Abu Dhabi's Abu Dhabi Investment Council (ADIC) emerged as a key player in the market's dynamics. ADIC tripled its stake in BlackRock's IBIT during Q3 2025, boosting its holdings from 2.4 million to 8 million shares, valued at $518 million by quarter-end according to Bloomberg. The move, made before Bitcoin's 20% decline in October, underscores institutional confidence in Bitcoin as a long-term store of value. ADIC's strategy aligns with broader Gulf efforts to position itself as a global crypto hub, with sovereign wealth funds managing over $1.7 trillion in assets.

Market analysts attribute the recent inflow to capitulation selling and accumulation by institutional investors. Bitcoin ETF assets now hold over 1.05 million BTC, nearly half the total supply, as low-price volatility draws buyers back to cost-effective options like FBTC and Grayscale's Mini Trust. The inflow coincided with Bitcoin testing $77,000, a level historically associated with capitulation bottoms. Technical indicators suggest a potential rebound toward $90,000 if institutional demand persists.

BlackRock's IBIT, trading near $57.26, has seen heavy redemptions this month, with $2.47 billion in outflows. However, the ETF's 0.25% fee and liquidity advantages over competitors like Grayscale's GBTC (1.5% fee) have drawn rebalancing from large institutions, including Goldman Sachs and Brevan Howard according to Trading News. Implied volatility in IBIT options surged to 60%, signaling heightened demand for protective puts and a potential turning point in the selloff.

Analyst forecasts remain divided. While some predict a short-term rebound, others warn of continued volatility due to macroeconomic headwinds, including delayed Fed rate cuts and regulatory uncertainty. Peter Berezin of Standard Chartered noted that Bitcoin ETFs could face further outflows if the Fed's December rate cut probability remains below 50%. Conversely, long-term bullish sentiment persists, with institutions like ARK Invest adding $600,000 in Bitcoin ETF exposure despite the downturn.

The $238 million inflow on November 21 suggests cautious optimism among investors, but the path to recovery remains fraught. With Bitcoin ETFs now holding 6.5% of the crypto market cap, the sector's resilience will depend on macroeconomic clarity and sustained institutional demand.