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Bitcoin

Spot

Spot Bitcoin exchange-traded funds in the United States continued their positive inflow streak for the sixth consecutive day, recording net inflows of $510.11 million on Nov. 13 as Bitcoin surpassed $93,000 for the first time.
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data </a>from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $4.73 billion over the six straight days of trading ending on Nov. 13. BlackRock’s IBIT led the group for the fifth consecutive day on Thursday with inflows of $230.81 million. Notably, IBIT has seen over $29.15 billion in net inflows since its launch, bringing the total net assets held by BlackRock to $42.56 billion.
Bloomberg analyst Eric Balchunas noted in an earlier X <a href="https://x.com/EricBalchunas/status/1856677642776228029" target="_blank" rel="noopener noreferrer nofollow">post </a>that <a href="https://crypto.news/blackrocks-ibit-maintains-strong-inflows-of-778-2m-despite-bitcoin-price-correction/" target="_blank" rel="noopener noreferrer nofollow">BlackRock’s IBIT</a> hit $40 billion in assets just two weeks after reaching $30 billion, breaking the previous record of 1,253 days held by BlackRock’s IEMG. He added that the ETF is now ranked in the top 1% of all ETFs by assets and, at just 10 months old, is already larger than all 2,800 ETFs launched in the past decade.
Fidelity’s FBTC also contributed with inflows of $186.07 million on Thursday, extending its five-day streak. Notably, none of the ETFs experienced outflows on the day. Inflows are as follows:
<ul class="wp-block-list">
 <li>Grayscale Bitcoin Mini Trust: $61.3 million</li>
 <li>ARK and 21Shares’ ARKB: $14.47 million</li>
 <li>Bitwise’s BITB: $12.33 million</li>
 <li>VanEck’s HODL: $5.12 million</li>
</ul>
Total trading volume seen by the 12 spot Bitcoin ETFs reached a record $8.07 billion on Nov. 13, with BlackRock’s IBIT alone recording $5.37 billion in volume, its largest since launch, and Fidelity recording $1 billion in volume, its biggest day since March.
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The significant inflows seen on Nov. 13 came as Bitcoin, the flagship crypto, rallied to a new all-time high of $93,477 on Thursday, driving more investor interest into Bitcoin ETFs. The volatile digital asset has surged considerably since <a href="https://crypto.news/bitcoin-rockets-to-85000-as-trumps-return-and-fed-rate-cuts-spark-predictions-of-a-420000-peak/" target="_blank" rel="noopener noreferrer nofollow">Trump won</a> last week’s U.S. presidential election, beating its previous record highs multiple times.
At press time, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) was still up 3.9%, exchanging hands at $90,032.
<h2 class="wp-block-heading" id="ether-hits-six-day-inflow-streak">Ether hits six-day inflow streak</h2>
The nine spot Ethereum ETFs recorded their sixth consecutive day of inflows, with <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noopener noreferrer nofollow">$146.89 million</a> flowing into the funds on Nov. 13. The majority of inflows 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, the only ETH ETF to record outflows on the day, saw $5.6 million withdrawn from the fund. The remaining Ether ETFs remained neutral.
Over the last six trading days, these ETFs have seen over $800 million in total net inflows, with the last three days marking the top three individual inflow days since launch. The cumulative net inflows have now turned positive at $241.51 million.
At press time, Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) was also up 2.3%, trading at $3,231 per coin.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-trading-volume-hits-new-all-time-driven-by-retail-demand/"> Bitcoin trading volume hits new all-time driven by retail demand </a>

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

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