Bitcoin

BlackRock

Zero

<p>The end of the American budget blockade could have cleared many clouds over the crypto world. The return to institutional stability, combined with a recovery in traditional markets, was supposed to be a springboard. And yet, a wind of skepticism is blowing. Bitcoin, far from benefiting from the calm, stagnates, while spot ETFs struggle to convince. Expectations were high, the reality looks more mixed.</p>
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  <h2 class="in-brief--title" id="in-brief">In brief</h2>
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   <li>Bitcoin remains inert despite the return of political and macroeconomic stability in the United States.</li>
   <li>Bitcoin spot ETFs stagnate, except BlackRock which maintains course with $28.1 billion injected.</li>
   <li>Solana strings together ten days of positive inflows, confirming a dynamic opposite to the market leader.</li>
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<h2 id="h-bitcoin-stalls-etfs-disappoint-the-recovery-will-wait">Bitcoin stalls, ETFs disappoint: the recovery will wait</h2>
<p>Bitcoin ETFs have long been powerful catalysts for the crypto market. But this week, the engine seems stuck. While a rebound was expected with the end of the American shutdown, <a href="https://cointelegraph.com/news/bitcoin-etf-demand-stalls-shutdown-optimism" target="_blank" rel="noopener noreferrer nofollow">the figures are chilling</a>: only 1.2 million dollars in net inflows into Bitcoin ETFs last Monday, according to Farside Investors.</p>
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<p>The indifference is all the more striking as stock markets and gold have experienced a surge. Only BlackRock seems to be benefiting with $28.1 billion collected since the beginning of the year. All other issuers combined show a cumulative outflow of $1.27 million. No general panic though: Bitfinex speaks of a mid-cycle consolidation phase, comparable to the dips of June 2024 and February 2025.</p>
<p>The market seems in suspended waiting, where caution dominates, despite favorable macro signals. The recent rise of bitcoin to more than $103,000 is not enough to break this inertia. One more paradox in a universe accustomed to abrupt reversals.</p>
<h2 id="h-solana-takes-off-regulators-activate-towards-a-new-crypto-dynamic">Solana takes off, regulators activate: towards a new crypto dynamic?</h2>
<p>While bitcoin remains in retreat, other players are advancing their pieces. Solana, in particular, shows insolent health: $6.8 million inflows last Monday, and 10 consecutive days of positive flows for its ETFs. Ethereum, on the other hand, remains stable, without real momentum.</p>
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<p>But beyond the figures, it is the regulatory environment that is evolving. A bipartisan bill aiming to clarify the framework for digital assets under the aegis of the CFTC is underway. A step that could change the game.</p>
<h3 id="h-5-key-landmarks-on-the-current-crypto-market">5 key landmarks on the current crypto market</h3>
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 <li>$103,376: <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">bitcoin price</a> at the time of writing this article;</li>
 <li>72% of circulating BTC were still in profit when falling below $100,000;</li>
 <li>$28.1 billion: cumulative amounts injected by BlackRock in 2025;</li>
 <li>$6.8 million inflows for Solana ETFs on Monday;</li>
 <li>$0 inflows for several Bitcoin ETFs despite the macro rebound.</li>
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<p>October dashed the hopes of those betting on a conquering BTC. And this early November extends this sluggishness. Yet, the foundations may quietly be set for a strong comeback. Investors now hope for <a href="https://www.cointribune.com/en/bitcoin-eyes-year-end-santa-claus-rally-after-october-setbacks/" target="_blank" rel="noopener noreferrer nofollow">a year-end rally</a> that would close 2025 on a brighter note.</p>

Zero flow to Bitcoin ETFs: The market sulks despite a favorable context

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