Bitcoin News Today: U.S. Crypto Demand Rises with ETF Inflows, But Volatility and Lawsuits Remain

Coinbase's premium shift has emerged as a key indicator of renewed U.S. spot demand in a crypto market marked by easing volatility. The platform, which operates as a holding company for Coinbase, Inc., continues to serve as a critical infrastructure provider for the onchain economy, catering to consumers, institutions, and developers [according to CNBC data](https://www.cnbc.com/quotes/coin?msockid=2b9c045b231661cd113c12ee220a609d). This renewed demand is underscored by a recent turnaround in spot Bitcoin ETFs, which ended four consecutive weeks of outflows with $70 million in net inflows for the week ending November 2025, [according to SoSoValue data](https://cointelegraph.com/news/spot-bitcoin-etfs-end-four-week-outflows-70m-weekly-inflows). The reversal follows a period where $4.35 billion had been drained from the sector, with BlackRock's IBIT alone experiencing $113.7 million in daily outflows on Friday, though this was offset by strong inflows into rival funds like Fidelity's FBTC and ARK 21Shares' ARKB [according to Cointelegraph reports](https://cointelegraph.com/news/spot-bitcoin-etfs-end-four-week-outflows-70m-weekly-inflows).

The broader market context reveals a mixed picture. While Bitcoin ETFs have accumulated $57.7 billion in net inflows since their launch, total assets now stand at $119.4 billion, or 6.5% of Bitcoin's market cap. Ether ETFs similarly staged a rebound, [recording $312.6 million in weekly inflows](https://cointelegraph.com/news/spot-bitcoin-etfs-end-four-week-outflows-70m-weekly-inflows) after three weeks of heavy withdrawals. These figures highlight a cautious optimism among investors, particularly as Bitcoin's price nears a short-term bottom, [with traders like Mister Crypto](https://cointelegraph.com/news/spot-bitcoin-etfs-end-four-week-outflows-70m-weekly-inflows) and Bitwise's André Dragosch suggesting potential for a relief rally toward $100,000–$110,000.

The renewed demand for spot assets is not without challenges. Coinbase faces legal headwinds as a Delaware lawsuit accuses its executives of a yearslong insider trading scheme, involving the sale of $4.2 billion in stock while allegedly concealing compliance failures and data-breach risks [according to Decrypt reports](https://decrypt.co/350490/coinbase-c-suite-andreessen-sued-billions-alleged-insider-trading). The case, which seeks billions in damages and board seats, adds to the company's pressures as it relocates its headquarters to Texas [according to Decrypt coverage](https://decrypt.co/350490/coinbase-c-suite-andreessen-sued-billions-alleged-insider-trading). Meanwhile, BNB's price action remains consolidated below $900, with onchain activity slumping amid anticipation of network upgrades [according to CoinDesk analysis](https://www.coindesk.com/markets/2025/11/27/bnb-holds-below-usd900-level-as-onchain-activity-slumps-network-updrages-loom).

However, the market remains fragile. A global sell-off in early December 2025 saw Bitcoin dip below $86,000, [with altcoins like Ethereum](https://www.globenewswire.com/news-release/2025/12/01/3196925/0/en/GeekStake-Releases-Market-Brief-as-Bitcoin-Dips-Below-86-000-Amid-Global-Crypto-Sell-Off-on-1st-Dec-2025.html) and BNB experiencing sharper declines of 5.85% and over 10%, respectively. The sell-off, triggered by risk-off sentiment and macroeconomic pressures, wiped $140 billion off the crypto market cap, [exposing vulnerabilities in leveraged positions](https://www.globenewswire.com/news-release/2025/12/01/3196925/0/en/GeekStake-Releases-Market-Brief-as-Bitcoin-Dips-Below-86-000-Amid-Global-Crypto-Sell-Off-on-1st-Dec-2025.html) and amplifying volatility. Meanwhile, Binance's recent listing of a USD-based RLS perpetual contract with 20x leverage [underscores the growing complexity](https://en.coinotag.com/breakingnews/binance-to-list-us-based-rls-perpetual-contract-on-december-2-2025-at-1800-utc8-with-up-to-20x-leverage) of derivatives trading, though investors are urged to monitor margin requirements.

Regulatory developments also shape the landscape. Brazil's tax authority reported that stablecoins now drive 90% of the country's crypto volume, with monthly transactions reaching $6–$8 billion. The introduction of the DeCripto reporting system in July 2025 [aims to align with OECD standards](https://www.coindesk.com/policy/2025/11/30/stablecoins-drive-90-of-brazil-s-crypto-volume-tax-authority-data-shows), requiring exchanges to categorize transactions such as crypto-to-fiat trades and retail payments over $50,000. In the U.S., BlackRock's bitcoin ETFs have become its top revenue source, [with the IBIT fund amassing $70.7 billion](https://www.coindesk.com/business/2025/11/29/bitcoin-etfs-are-now-blackrock-s-top-revenue-source-exec-says) in assets and generating $245 million in annual fees. The firm's Strategic Income Opportunities Portfolio has further increased its stake in IBIT by 14%, signaling confidence in the ETF's growth trajectory despite recent outflows [according to Coindesk reporting](https://www.coindesk.com/business/2025/11/29/bitcoin-etfs-are-now-blackrock-s-top-revenue-source-exec-says).

As the market navigates these dynamics, the interplay between institutional adoption, regulatory scrutiny, and macroeconomic factors will likely determine the trajectory of spot demand. For now, the shift in Coinbase's premium and the ETF inflows suggest that U.S. investors are cautiously reengaging with crypto, even as volatility persists.