Bitcoin ETFs see record trading volume amid BTC all-time high

Spot Bitcoin exchange-traded funds in the US continued their streak of positive inflows for a sixth consecutive day, recording net inflows of $510.11 million on November 13 as Bitcoin surpassed $93,000 for the first time.

According to data from SoSoValue, 12 spot Bitcoin ETFs recorded net inflows of $4.73 billion in six consecutive trading days ending November 13. BlackRock’s IBIT led the group with $230.81 million in inflows for the fifth consecutive day on Thursday. IBIT has seen net inflows of over $29.15 billion since its launch, bringing BlackRock’s total net assets held to $42.56 billion.

BlackRock’s IBIT hit $40 billion just two weeks after hitting $30 billion, Bloomberg analyst Eric Balchunas noted in an earlier He added that the ETF is currently in the top 1% of all ETFs by assets and, although only 10 months old, it is larger than any of the 2,800 ETFs launched in the past decade.

Fidelity’s FBTC also continued its five-day streak, contributing $186.07 million in inflows on Thursday. Notably, none of the ETFs experienced outflows during the day. The entries are as follows:

Grayscale Bitcoin Mini Trust: $61.3 million ARK and 21Shares’ ARKB: $14.47 million Bitwise’s BITB: $12.33 million VanEck’s HODL: $5.12 million

Total trading volume seen by the 12 spot Bitcoin ETFs reached a record $8.07 billion on November 13; BlackRock’s IBIT alone recorded $5.37 billion in volume, its biggest day since launch, while Fidelity recorded $1 billion in volume, its biggest day since March.

The significant inflows seen on Nov. 13 came as cryptocurrency flagship Bitcoin rose to an all-time high of $93,477 on Thursday, drawing more investor interest in Bitcoin ETFs. The volatile digital asset has risen significantly since Trump won last week’s US presidential election, surpassing previous record levels multiple times.

At press time, Bitcoin (BTC) was still changing hands at $90,032, up 3.9%.

Ether reaches six-day entry streak

Nine spot Ethereum ETFs recorded a sixth consecutive day of inflows, with $146.89 million flowing into the funds on Nov. 13. The majority of entries went to Fidelity’s FETH, which recorded $101.72 million. BlackRock’s ETHA, Bitwise’s ETHW, and Grayscale Ethereum Mini Trust contributed $35.63 million, $13 million, and $2.15 million, respectively.

Grayscale’s ETHE was the only ETH ETF to record an outflow that day, with $5.6 million withdrawn from the fund. The remaining Ether ETFs remained neutral.

Total net inflows into these ETFs over the last six trading days have been over $800 million; the last three days mark the first three individual login days since launch. Cumulative net inflows have now turned positive, reaching $241.51 million.

At the time of writing, Ethereum (ETH) was also trading at $3,231, up 2.3%.