The leading cryptocurrency Bitcoin broke records with an early morning rise and rose above $97,000.
This rise in Bitcoin, which has continued in recent days, was also reflected in spot Bitcoin ETFs, and there was a net inflow of $773 million yesterday.
According to data from Farside Investors, on November 20, spot Bitcoin ETFs saw total net inflows of $773 million.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the way with $626 million, followed by Fidelity’s FBTC with $133 million.
While Bitwise’s BITB saw small inflows of $9.2 million and Ark Invest’s ARKB of $3.8 million, other ETFs experienced zero inflows.
Along with Bitcoin’s new ATH, the total net asset value of US spot Bitcoin ETFs also surpassed $100 billion on Wednesday, representing about 5.4% of the entire Bitcoin market cap.
BlackRock’s IBIT has $45.4 billion in net assets, while Grayscale’s GBTC has $20.6 billion in net assets, making them the two largest spot Bitcoin ETFs.
Unlike Bitcoin ETFs, spot Ethereum ETFs experienced an outflow, with a net outflow of $30.3 million from ETH ETFs on November 20.
While BlackRock iShares Ethereum Trust ETF saw an inflow of $16.7 million, Fidelity’s FETH fund saw an outflow of $30.7 million.
The Grayscale Ethereum Trust ETF also saw an outflow of $16.3 million, while other ETFs recorded zero inflows.
Bitcoin continues to trade at $97,540, up 4.5% in the last 24 hours.
Disclaimer
The information provided in this article is only for educational and informational purposes and should not be considered financial or investment advice. We are not licensed financial advisors. Always conduct your research and seek guidance from a certified financial professional before making any investment decisions.
