The shutdown ends, but bitcoin ETFs remain desperately empty
Summarize this article using:
The end of the US budget blockade could sweep away many clouds on the crypto planet. The springboard was supposed to be a return to institutional stability combined with a recovery in traditional markets. And yet the wind of skepticism blows. Far from benefiting from the lull, Bitcoin stagnates while spot ETFs struggle to convince. Expectations were high, reality looks more mixed.
In short
- Bitcoin remains sluggish despite the return to political and macroeconomic stability in the United States.
- Spot bitcoin ETFs are flat, with the exception of BlackRock, which remains on course with $28.1 billion invested.
- Solana continues ten days of positive inflows, confirming momentum against the market leader.
Bitcoin Slips, ETFs Disappoint: Recovery Will Wait
Bitcoin ETFs have long served as powerful catalysts for the crypto market. But this week, the engine seems to be stuck. While we were hoping for a rebound with the end of the US shutdown, the numbers are icy: $1.2 million in net inflows into bitcoin ETFs last Monday, according to Farside Investors.
The indifference is all the more striking as the stock markets and gold have experienced a sharp rise. Only BlackRock, which has raised $28.1 billion since the start of the year, appears to be doing well. All other issuers combined show a cumulative outflow of $1.27 million. No general panic, however: Bitfinex is talking about a mid-cycle consolidation phase, comparable to the dips of June 2024 and February 2025.
The market seems to be on a suspended wait where caution prevails despite the favorable macro signals. Bitcoin’s recent rally to over $103,000 is not enough to break this inertia. Another paradox in a world accustomed to sudden reversals.
Solana takes off, regulators are active: towards a new crypto dynamic?
While Bitcoin remains in the background, other players advance their pawns. Solana, in particular, is in excellent health: $6.8 million inflows last Monday and 10 consecutive days of positive flows for his ETF. Ethereum, for its part, remains stable, without any real momentum.
But beyond the numbers, the regulatory environment is also evolving. A bipartisan bill is in the works to clarify the regulation of digital assets under the auspices of the CFTC. A step that could change the situation.
Gracy Chen, CEO of Bitget, sees this as a strong signal:
Together, these developments demonstrate a mature regulatory framework that supports innovation without stifling growth, while fostering greater predictability and confidence in digital asset markets. By removing key policy uncertainties, the United States is laying the groundwork for mainstream adoption and cementing cryptocurrency’s status as a legitimate asset class.
5 key benchmarks in today’s crypto market
- $103,376: Bitcoin price at time of writing;
- 72% of BTC in circulation was still in profit when it fell below $100,000;
- $28.1 billion: cumulative amounts invested by BlackRock in 2025;
- $6.8 million inflow for Solana ETF on Monday;
- $0 inflows for several Bitcoin ETFs despite macro reflex.
October undermined the hopes of those who rested on the conquest of BTC. And this beginning of November prolongs this swoon. However, the foundations for a comeback may be quietly being laid. Investors are now hoping for a year-end rally that would close 2025 on a brighter note.
Maximize your Cointribune experience with our “Read and Earn” program! Earn points for every article you read and get access to exclusive rewards. Register now and start reaping the benefits.
The blockchain and crypto revolution is in full swing! And on the day the effects are felt by the most vulnerable economy in this world, I will say against all hope that I had something to do with it
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.