TL;DR

Bitcoin ETFs recorded five consecutive days of net inflows totaling $58 million, following $3.48 billion in outflows during November.
BTC reached an intraday high of $93,965, its highest level since November 17, driven by comments from the SEC regarding an innovation exemption.
Vanguard now allows trading of crypto-focused ETFs and mutual funds, expanding regulated access to millions of investors and supporting the market recovery.

Bitcoin exchange-traded funds posted five consecutive days of net inflows, adding $58 million on Tuesday after accumulating $3.48 billion in outflows during November, its second-worst month on record.

The positive flow occurred as Bitcoin traded above the ETF flow-weighted cost basis of $89,600, indicating that the average investor was no longer sitting on unrealized losses. The recovery follows a period of heavy selling that pushed the cryptocurrency to mid-$80,000 levels earlier in the week, while other crypto ETFs showed weaker performance. Spot Ethereum ETFs recorded $9.9 million in outflows, and Solana funds saw $13.5 million in net redemptions. At the time of writing, Bitcoin was trading around $91,000.

Analysts note that ETF outflows were not the main driver of Bitcoin’s recent decline. Eric Balchunas from Bloomberg criticized the simplistic link often made between ETF withdrawals and price drops, highlighting that broader factors such as leverage unwinds, macroeconomic uncertainty, and pressure on digital-asset treasuries better explain the sell-off, which erased over $1 trillion in crypto market value since October.

Factors Behind Bitcoin’s Recovery

Bitcoin reached intraday levels of $93,965, its highest since November 17, partially driven by comments from SEC Chair Paul Atkins regarding a new regulatory framework that would include an “innovation exemption” to provide greater flexibility to digital-asset firms in issuance, custody, and trading. The measure was interpreted as a step toward increased regulatory clarity.

Institutional adoption received an additional boost after Vanguard decided to allow its clients to trade crypto-focused ETFs and mutual funds, expanding regulated access to millions of investors in the United States. The announcement coincided with expectations of a Federal Reserve rate cut, a weaker dollar, and an increase in risk appetite, factors that strengthened Bitcoin’s position.

Despite the rebound, the market continues to show signs of volatility. The streak of inflows suggests that BTC could end the year on a positive note if institutional interest persists, regulatory expectations solidify, and macroeconomic pressure moderates

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Filed under: News - @ December 4, 2025 8:27 pm