According to Eric Balchunas, Bitcoin (BTC) fell 6% yesterday while spot Bitcoin ETFs still posted net inflows, bringing rolling 1-week flows to +$231 million, source: Eric Balchunas on X, Dec 2, 2025. According to Eric Balchunas, Fidelity carried a large share of the inflows, highlighting that ETF demand is broad across issuers, source: Eric Balchunas on X, Dec 2, 2025. According to Eric Balchunas, older investors are a key driver behind ETF demand in the current market, source: Eric Balchunas on X, Dec 2, 2025.

According to @StockMKTNewz, the U.S. stock market will close early today at 1 PM ET. Source: @StockMKTNewz on X. The New York Stock Exchange and Nasdaq list a 1 PM ET close on the Friday after Thanksgiving on their official holiday calendars. Source: NYSE holiday calendar; Nasdaq trading schedule. U.S.-listed crypto proxies and Bitcoin ETFs such as COIN, MSTR, IBIT, and BITO will cease trading at 1 PM ET in line with those exchange schedules, limiting equity-crypto cross-market flows for the rest of the U.S. afternoon. Source: Nasdaq trading schedule; NYSE holiday calendar. Spot crypto exchanges remain open 24/7, so BTC and ETH trading continues without interruption after the stock market close. Source: Binance help center.

According to CoinMarketCap, BTC and ETH ETFs posted consecutive net inflows on Nov 25 and Nov 26, with BTC at +$128.7M and +$21.1M and ETH at +$78.6M and +$60.8M, source: CoinMarketCap, Nov 27, 2025 tweet. Two-day totals reached $149.8M for BTC ETFs and $139.4M for ETH ETFs, source: CoinMarketCap, Nov 27, 2025 tweet. ETH ETFs led inflows over BTC on Nov 26 ($60.8M vs $21.1M), while BTC led on Nov 25 ($128.7M vs $78.6M), source: CoinMarketCap, Nov 27, 2025 tweet.

According to @StockMKTNewz, the U.S. stock market is closed today for Thanksgiving, halting regular-session equity trading in New York, Nov 27, 2025 source: @StockMKTNewz on X. As a result, U.S.-listed equities and ETFs, including spot Bitcoin ETFs listed on NYSE Arca and Nasdaq, are not trading during the holiday source: NYSE Market Holidays; Nasdaq Trading Schedule. Crypto spot exchanges remain open 24/7, so BTC and ETH can continue to trade while U.S. stock exchanges are closed source: Coinbase Help Center – Trading and funding availability. CME Group designates Thanksgiving as a U.S. holiday with modified electronic trading hours for Bitcoin (BTC) and Ether (ETH) futures source: CME Group Holiday Calendar.

According to @cas_abbe, BlackRock says if every U.S. millionaire bought 1 BTC, available supply would be insufficient, highlighting a structural scarcity backdrop. According to @cas_abbe, 87% of BTC supply has not moved in 6+ months and only about 2.3M BTC is liquid, tightening tradable float. According to @cas_abbe, the U.S. has 7M+ millionaires and spot BTC ETFs are already absorbing more than daily issuance, creating a persistent order-flow imbalance. According to @cas_abbe, this setup implies a potential supply squeeze narrative that traders may track via ETF net inflows versus on-exchange liquid supply.

According to @EricBalchunas, bitcoin ETFs set an all-time record today with $11.5B in aggregate trading volume, with $IBIT accounting for $8B, also an all-time high for that fund (source: @EricBalchunas). According to @EricBalchunas, volume tends to spike when a category is “going through it,” with ETFs acting as liquidity release valves (source: @EricBalchunas). For traders, the record turnover indicates elevated liquidity in BTC exposure via ETFs, consistent with ETFs serving as release valves during heightened activity (source: @EricBalchunas).

According to Ki Young Ju, Bitcoin ETFs have expanded in size, but their capital composition shows the qualitative leap is still ahead, indicating the current investor base has not yet tapped the largest institutional liquidity pools (source: Ki Young Ju on X, Nov 21, 2025). He states that much larger liquidity pools are waiting for Bitcoin, highlighting a next phase where broader institutional access could become a key driver of ETF market liquidity (source: Ki Young Ju on X, Nov 21, 2025). For trading, this prioritizes monitoring spot BTC ETF net inflows, primary market creations and redemptions, and distribution into larger investor channels as signals of incoming liquidity (source: Ki Young Ju on X, Nov 21, 2025).

According to @Andre_Dragosch, the latest Bitcoin Long-Term Holder distribution shows coins moving from older LTHs to new institutional LTHs such as ETFs, BTCTCs, and sovereign wealth funds, rather than to short-term retail holders. source: @Andre_Dragosch on X, Nov 18, 2025. He states that prior cycles typically featured LTH-to-STH distribution to late-comer retail, making this pattern non-classical. source: @Andre_Dragosch on X, Nov 18, 2025. He adds that this structure likely points to an extended BTC market cycle relative to past peaks, which is a key consideration for traders assessing supply overhang and timing. source: @Andre_Dragosch on X, Nov 18, 2025.

According to @EricBalchunas on Nov 11, 2025, about $2.7 billion has come out of bitcoin ETFs in the past month, equal to roughly 1.5% of total assets, leaving approximately 98.5% of AUM still invested, citing a new chart by @JSeyff that illustrates a two-steps-forward-one-step-back flow pattern (source: @EricBalchunas; @JSeyff).

According to @caprioleio, Bitcoin ETFs saw no bid yesterday even as the U.S. shutdown appeared to be ending and both the S&P 500 and gold bounced sharply, indicating weak BTC ETF demand versus broader risk-on assets (source: @caprioleio). The author adds that risk assets typically see a strong bid in the weeks following a shutdown, making the current lack of ETF buying an unfavorable signal if it persists (source: @caprioleio). The note concludes there is still time for this to reverse, but the bid needs to turn for BTC to realign with the usual post-shutdown risk rally pattern (source: @caprioleio).

According to Lookonchain, on Nov 10, 2025, 10 Bitcoin (BTC) ETFs recorded net outflows of 5,317 BTC valued at $564.78 million (source: Lookonchain). According to Lookonchain, Fidelity saw outflows of 2,484 BTC worth $263.9 million and now holds 200,441 BTC valued at $21.29 billion (source: Lookonchain). According to Lookonchain, 9 Ethereum (ETH) ETFs posted net outflows of 12,039 ETH totaling $43.34 million (source: Lookonchain). According to Lookonchain, Fidelity’s Ethereum ETFs had redemptions of 20,955 ETH worth $75.44 million and currently hold 720,502 ETH valued at $2.59 billion (source: Lookonchain).

According to @CoinMarketCap, US spot Bitcoin ETFs recorded 558 million USD in net outflows on Friday, the largest single-day outflow since August (source: @CoinMarketCap). According to @CoinMarketCap, this marks the seventh net-outflow day in the past eight trading sessions, indicating a sustained negative flow streak that traders track in ETF flow data (source: @CoinMarketCap).

According to the source, Bitcoin and Ethereum ETFs shed $2.6 billion in assets over the past week, indicating a notable weekly decline in ETF-held exposure to BTC and ETH, source: the shared tweet. For trading, this headline-level drawdown is a flow signal that warrants close monitoring of ETF creations and redemptions alongside intraday price action during US market hours, source: the shared tweet.

According to @lookonchain, 10 Bitcoin ETFs posted net outflows of 3,693 BTC totaling $399.2M on Oct 30, 2025, source: @lookonchain on X on Oct 30, 2025. Fidelity recorded outflows of 1,482 BTC worth $160.2M and currently holds 205,365 BTC valued at $22.2B, source: @lookonchain on X on Oct 30, 2025. In contrast, nine Ethereum ETFs saw net inflows of 5,135 ETH totaling $19.51M on the day, source: @lookonchain on X on Oct 30, 2025. Grayscale Ethereum Mini Trust took in 18,101 ETH worth $68.78M and now holds 743,453 ETH valued at $2.83B, implying other ETH ETFs collectively had net outflows of roughly 12,966 ETH based on the same dataset, source: @lookonchain on X on Oct 30, 2025.

According to the source, Bitcoin Treasuries reports that Bitcoin ETFs and exchanges collectively hold about 1.69 million BTC as of Oct 26, 2025, based on its aggregated holdings tracker, providing a consolidated view of custodial concentration for traders. For actionable monitoring, traders can track week-over-week changes in the Bitcoin Treasuries total to assess shifts in custodial holdings that inform near-term BTC liquidity analysis, as reflected by the Bitcoin Treasuries dataset.

According to @lookonchain, the 10 Bitcoin ETFs recorded a net inflow of +144 BTC worth $15.81M on Oct 24, 2025 (source: @lookonchain). According to @lookonchain, BlackRock reported +976 BTC inflow worth $107.46M and now holds 804,944 BTC valued at $88.62B (source: @lookonchain). According to @lookonchain, the 9 Ethereum ETFs posted a net outflow of -49,364 ETH totaling -$193.01M on the day (source: @lookonchain). According to @lookonchain, Fidelity saw -19,960 ETH outflow worth $78.04M and currently holds 754,840 ETH valued at $2.95B (source: @lookonchain). According to @lookonchain, these flows indicate BTC ETF net demand outpaced ETH ETFs on Oct 24, 2025 (source: @lookonchain).

According to the source, a social post claims the number of private companies holding BTC rose from 12 in 2020 to 279,000, but no dataset or methodology was provided, so the figure is unverified and should not be used as a standalone trading signal; source: original social media post provided. Traders should validate corporate BTC holdings through verifiable disclosures such as SEC EDGAR filings and company reports from public filers (e.g., MicroStrategy, Tesla) before extrapolating broader demand; source: SEC EDGAR; company filings. For real-time confirmation of institutional demand, monitor spot Bitcoin ETF net flows from issuers including BlackRock (IBIT) and Fidelity (FBTC), CME BTC futures open interest and basis, and on-chain exchange balances tracked by analytics firms; source: BlackRock; Fidelity; CME Group; Glassnode; Chainalysis. Until independent datasets corroborate a large jump in corporate BTC holders, maintain neutral-to-cautious positioning with tight risk controls and wait for confirmation via regulatory filings or reputable analytics publications; source: SEC EDGAR; CME Group; Glassnode; Chainalysis.

According to @CryptoMichNL, the four-year cycle model is no longer reliable and ETFs were pivotal in pushing BTC above $100k, implying the broader bullish structure remains intact (source: @CryptoMichNL on X, Oct 17, 2025). According to @CryptoMichNL, he advises holders to remain patient, expecting a near-term BTC breakout, ETH to make a new all-time high, and a strong altcoin rally thereafter (source: @CryptoMichNL on X, Oct 17, 2025). According to @CryptoMichNL, no specific price levels or timelines are provided, with the key trading triggers being a BTC breakout and an ETH ATH to confirm an altcoin rotation (source: @CryptoMichNL on X, Oct 17, 2025).

According to the source, U.S. spot Bitcoin (BTC) ETFs have recorded seven consecutive trading days of net inflows (source: the source). In cash-creation structures used by major U.S. spot BTC ETFs, net inflows require the trust to acquire spot BTC with cash delivered by authorized participants, creating direct spot demand that can tighten exchange liquidity (source: iShares Bitcoin Trust prospectus filed with the U.S. SEC). Traders should confirm the streak with daily issuer data and independent flow trackers before positioning, as validated flow prints are a leading indicator for short-term BTC momentum (source: Farside Investors; SoSoValue). To gauge market impact, monitor CME BTC futures basis and perpetual funding; a rising positive basis during sustained inflows signals spot-led strength and potential cash-and-carry opportunities (source: CME Group education on futures basis and carry). Risk management should adapt to U.S. session flow windows when creations are processed and volatility can rise around flow disclosures (source: iShares Bitcoin Trust prospectus filed with the U.S. SEC).

According to @cas_abbe, Bitcoin ETFs bought about $875 million in BTC yesterday, with BlackRock accounting for roughly $899 million of creations while the only notable outflow came from Grayscale (source: @cas_abbe). Despite these net inflows, BTC fell by approximately $5,000 on the day and continues to show price weakness, indicating ETF demand did not translate into immediate upward price support (source: @cas_abbe). For traders, the divergence between concentrated BlackRock inflows and Grayscale outflows versus spot price action suggests ETF flow prints alone were not a reliable intraday signal, warranting tighter risk management around flow headlines (source: @cas_abbe).