Bitcoin ETF Inflows: $128M Returns, but IBIT Bleeds $201M
Bitcoin ETF inflows returned on Wednesday, November 4. US spot bitcoin funds took in $74.6 million and Ether funds added $53 million, per SoSoValue data reported by Cointelegraph. That is about $128 million combined, the day after Democrats won the House. It ends a three-day bitcoin outflow streak. It does not erase it.
What the bitcoin ETF inflows were made of
The headline number hides a split. Fidelity’s FBTC drew roughly $237 million, while BlackRock’s IBIT lost $201.2 million, its fourth straight outflow day and $935.2 million over the streak, per Farside figures cited by Cointelegraph. Crypto Briefing and KuCoin News report the same $74.6 million and $53 million.
On the Ether side, ETHA took in $32.8 million and FETH $19.2 million, according to the same reports. That snaps a seven-day Ether outflow streak worth $657 million, per Cointelegraph. Bitcoin and Ether providers differ slightly, so treat the totals as rounded.
One good day is not a trend
The three days before cost bitcoin funds about $1.16 billion: $643 million, $399 million and $116 million. Our write-up of the third outflow day has the detail. $74.6 million wins back under 7% of that. Cointelegraph also quotes CoinShares’ James Butterfill saying the market had largely priced in a Democratic sweep, so do not pin the move on the vote alone. Bitcoin is back above $80,000 (about $80,244 on our feed). Our model ranges are on the Bitcoin price prediction page.
Miner math: what the ETF rebound does to your margin at today’s price
Here is the live maths on November 5. Bitcoin is $80,244 and the network is 1029 EH/s, so hashprice is about $35.28 per petahash per day. That is what one PH/s of hashing earns before power.
| Machine | 5c/kWh | 8c/kWh | 12c/kWh | Break-even |
|---|---|---|---|---|
| Antminer S19 (95 TH/s, 3250 W) | -$0.55 | -$2.89 | -$6.01 | 4.3c |
| Antminer S19k Pro (115 TH/s, 2645 W) | $0.88 | -$1.02 | -$3.56 | 6.4c |
| Antminer S19 XP (141 TH/s, 3010 W) | $1.36 | -$0.81 | -$3.69 | 6.9c |
| Antminer S21 Pro (234 TH/s, 3510 W) | $4.04 | $1.52 | -$1.85 | 9.8c |
Numbers are profit per day after electricity, at the three power prices shown. Break-even is the most you can pay per kilowatt-hour before the machine loses money. Specs are the manufacturer ratings; network data comes from mempool.space. Try your own power price in our free bitcoin mining profit calculator. See what these machines really sold for in our used ASIC miner price index. Want to run the same numbers on a machine you can buy today? See our used ASIC miners, or buy several at once through bulk lots.
If the ETF rebound holds and bitcoin gains another 5%: the break-even power price on an S19k Pro rises from 6.4 to 6.7 cents per kilowatt-hour. At 8 cents, daily profit goes from -$1.02 to -$0.82.
The blunt answer for miners
ETF flows move the price, not your machine. Hashrate sits near 1029 EH/s per mempool.space, and the table shows who is underwater. A 5% price gain helps, but it does not rescue an S19 at 8 cents. If you run older hardware on expensive power, a rebound is a better time to sell than a worse one. Look at our we buy used miners page, or read the mining economics guides.
-Nick
ING Mining
This is general information, not financial advice. Crypto is volatile, and exchanges can fail. Please do your own research.
How this story was made: drafted with the help of AI tools from public sources, then edited by Nick Squires. See our editorial policy. Spot an error? Email ns@ingmining.com.