Bitcoin ETFs bring in $1.1b as Ether ETFs see record inflows

US Spot Bitcoin ETFs continued their inflow streak on November 11, with daily inflows exceeding $1 billion for the second time this month.

According to SoSoValue data, a total of $4.96 billion has flowed into Bitcoin ETFs since the beginning of November. The latest surge in demand follows Donald Trump’s victory in the US election, sparking market-wide optimism in the wider sector.

BlackRock’s IBIT led the market on Monday, attracting $756.4 million in new investments, continuing a three-day streak of positive inflows while also setting a record daily trading volume of $4.5 billion.

Only four out of 12 supplies recorded no flows on the day. Other Bitcoin ETFs contributing total net inflows of $1.11 billion include:

Fidelity’s FBTC: $135.07 million. ARKB of ARK and 21Shares: $108.62 million. Bitwise’s BITB: $42.66 million. Grayscale’s Bitcoin Mini Trust: $28.19 million. Grayscale’s GBTC: $24.23 million. Franklin EZBC: $10.09 million. Invesco’s BTC: $8.70 million.

As of Monday’s close, cumulative net inflows across all U.S. Bitcoin ETFs reached a record high of $26.90 billion since their respective launches.

The inflows come as Bitcoin (BTC) surpassed $80,000 for the first time over the weekend, reaching an all-time high of $89,864 on November 12.

Onramp Bitcoin co-founder Jesse Myers attributes Bitcoin’s recent price increase primarily to a post-halving supply shock; because the decreasing new supply cannot meet the increasing demand. The scarcity effect intensified by Bitcoin ETFs pushes prices even higher to restore market balance.

Ethereum ETFs record highest inflow day

As BTC made big moves, Ethereum (ETH) also increased by over 38% last week, reaching price levels last seen in July. Institutional players are finally turning their attention to Ethereum ETFs as hopes for regulatory clarity and the potential for staked Ether ETFs have led to steady inflows since post-election day.

Spot Ether ETFs generated a record $295 million in revenue, per SoSovalue data, surpassing the $106.78 million reached in July when the offering first began trading.

Fidelity’s FETH led the way with an inflow of $115.5 million, followed by BlackRock’s ETHA with an inflow of $100.5 million. Meanwhile, Grayscale’s Ethereum minitrust and Bitwise’s ETHW saw inflows of $63.3 million and $15.6 million, respectively.

At the time of writing, Ethereum was trading at $3,366, up 7.1% in the last 24 hours, while Bitcoin was trading at $89,003 per coin, up 9.6% on the day.