After four consecutive weeks of withdrawals, spot Bitcoin exchange-traded funds (ETFs) have reversed the trend, attracting approximately $70 million in net inflows for the week. This turnaround ends a challenging period that saw about $4.35 billion exit the sector.

The positive shift was highlighted by Friday’s activity, where Bitcoin funds registered a net inflow of $71 million. Strong performance from Fidelity’s FBTC, which drew $77.5 million, and ARK 21Shares’ ARKB, with $88 million, successfully offset a daily outflow of $113.7 million from BlackRock’s IBIT. Since their launch, cumulative inflows for these products have reached nearly $57.7 billion, with combined net assets climbing to almost $119.4 billion.

Ether ETFs Follow Suit

Spot Ether ETFs also experienced a robust recovery, recording $312.6 million in net weekly inflows. This performance breaks a three-week streak of heavy withdrawals that had drained roughly $1.74 billion from the funds. The most significant of these was a $728.6 million outflow during the week ending November 14.

On Friday alone, Ether ETFs posted $76.6 million in inflows. This brings their cumulative net inflows to $12.94 billion since inception, with total assets under management now standing near $19.15 billion.

Analysts Eye Potential Market Bottom

The renewed investor interest has prompted some analysts to suggest that Bitcoin may have formed a short-term price floor. According to trader Mister Crypto, technical indicators like the Relative Strength Index (RSI) nearing oversold levels and large-scale investors reopening long positions could point toward a potential relief rally into the $100,000–$110,000 range.

This sentiment is shared by André Dragosch, head of research at Bitwise Europe, who noted that Bitcoin could have major upside ahead. He argued that the asset’s current price doesn’t yet reflect improving macroeconomic expectations.

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