Bitcoin ETFs record $1 billion in Inflows as BTC Surpasses $99K

Spot Bitcoin exchange-traded funds in the US saw a significant increase in inflows on November 21 as Bitcoin approached the $100,000 mark.

According to data from SoSoValue, 12 spot Bitcoin ETFs recorded $1 billion in inflows on Thursday, extending their inflow streak to four days, totaling over $2.8 billion in inflows during that period. Notably, inflows seen on November 21 exceeded the $1.11 billion recorded on November 11, the highest level seen in the last eight trading days.

BlackRock’s IBIT led the way for the second day in a row on Thursday, with $608.41 million entering the fund. BlackRock has already recorded cumulative net inflows of $30 billion since launch.

Fidelity’s FBTC and Bitwise’s BITB also contributed significantly, with inflows of $300.95 million and $68 million, respectively. ARK and 21Shares’ ARKB, Grayscale Bitcoin Mini Trust, Franklin Templeton’s EZBC, and VanEck’s HODL are $17.18 million, $6.97 million, $5.7 million, and $5.56, respectively. It added to the positive momentum by reporting net positive flows of millions of dollars.

Grayscale’s GBTC was the only outlier of the day, reporting an outflow of $7.81 million, bringing its total net outflow since launch to $20.26 billion. The remaining Bitcoin ETFs reported zero flows for the day.

The total trading volume of these ETFs was $7.1 billion, well above the $5.09 billion recorded yesterday. BlackRock’s IBIT alone reached a whopping $5.22 billion in trading volume.

Significant inflows recorded on Thursday occurred as Bitcoin broke through $99,000 and reached an all-time high of $99,261; this was just around $3,740 away from breaking the $100,000 price barrier. Analysts and experts predict that Bitcoin will reach this important milestone within the week, which will direct investors’ attention to Bitcoin ETFs.

“Bitcoin ETFs are already quite popular, and their popularity will likely grow even further, especially after Bitcoin surpasses $100,000, attracting renewed attention from mainstream media and traders,” Georgii Verbitskii, founder of TYMIO, told crypto.news. .

Komodo Platform chief technology officer Kadan Stadelmann explained to crypto.news that Bitcoin ETFs have little historical precedent. He noted that recent net Bitcoin ETF inflows have significantly exceeded Bitcoin’s supply issuance, underscoring its unique flexibility.

“Clearly investors expect long-term growth in Bitcoin ETFs, which are on pace to outpace gold ETFs in terms of net assets.”

Komodo Platform Ethereum ETF outflows slow Kadan Stadelmann

Meanwhile, nine spot Ethereum ETFs experienced a significant decline in net outflows; An outflow of $9.05 million was recorded on November 21, compared to $33.47 million on the previous trading day.

The majority of outflows that day came from Grayscale’s ETHE, with $27.08 million coming out of the funds. Grayscale Ethereum Mini Trust also reported an outflow of $4.11 million.

These outflows were partially offset by inflows to Fidelity’s FETH, Bitwise’s ETHW, and VanEck’s ETHV, which recorded inflows of $16.79 million, $2.89 million, and $2.46 million, respectively.

Verbitskii suggested that Ethereum could enter its strongest phase in the future, especially if regulatory conditions improve, potentially “under the Trump administration.” He noted that the DeFi ecosystem faces regulatory pressures that hinder its growth. With a clearer regulatory framework, one could see “accelerated adoption” of the ETH ETF.

At the time of writing, Bitcoin (BTC) was trading at $98,945, up 1.8% in the last 24 hours. Ethereum (ETH) changed hands at around $3,369, posting a much higher gain of 8.1%.