Bitcoin rebounded above $80,000 and US stocks rallied following Democrats’ midterm election victories on Wednesday.

Bitcoin ETFs recover, but IBIT outflows continue

The latest batch of inflows followed a slowdown in withdrawals, from $399 million on Monday to $116 million on Tuesday.

Blackrock’s iShares Bitcoin Trust (IBIT) recorded another $201.2 million in outflows on Wednesday, extending its four-session outflow streak to $935.2 million, according to Farside Investors data. Fidelity’s Wise Origin Bitcoin Fund (FBTC), meanwhile, led inflows with roughly $237 million.

Wednesday’s inflows narrowed Bitcoin’s 2026 net outflows to around $79…