Bitcoin ETF

Spot

Grayscale Bitcoin Trust

Spot Bitcoin exchange-traded funds (ETF) continued their upward momentum, posting another successful week as cryptocurrency markets surged.
Spot Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) ETFs recorded net inflows of $1.67 billion in the trading week of Nov. 11–15, marking six consecutive weeks of positive flows, <a data-ct-non-breakable="null" href="https://sosovalue.com/assets/etf/us-btc-spot" rel="null" target="null" text="null" title="null">according</a> to data from the crypto tracking platform SoSoValue.
BlackRock’s iShares Bitcoin Trust (IBIT) now leads cumulative historic inflows with $29.3 billion, while the Grayscale Bitcoin Trust ETF has seen outflows of $20.3 billion since spot BTC ETFs began trading in January.
In line with a positive trend on the spot BTC ETF market, other markets like spot Ether (<a data-ct-non-breakable="null" href="http://eth" rel="null" target="null" text="null" title="null">ETH</a>) ETFs also experienced growth, <a data-ct-non-breakable="null" href="https://sosovalue.com/assets/etf/us-eth-spot" rel="null" target="null" text="null" title="null">hitting</a> $515 million in weekly inflows and marking a three-week streak of positive flows. In total, Ether ETFs have attracted $682 million in net inflows over the past three weeks.
<h2 id="six-weeks-of-inflows-bring-9-billion-to-spot-bitcoin-etfs">Six weeks of inflows bring $9 billion to spot Bitcoin ETFs</h2>
Since Oct. 11, spot Bitcoin ETFs have recorded six straight weeks of inflows, totaling $8.95 billion, according to SoSoValue.
These inflows have brought the total assets under management for spot Bitcoin ETFs to $95.4 billion, equivalent to 5.27% of Bitcoin’s $1.8 trillion market capitalization.
<figure>
 <img alt="Cryptocurrencies, Trading, Ethereum ETF, Bitcoin ETF" src="https://s3.cointelegraph.com/uploads/2024-11/01933e84-df42-78cb-a951-5f7227e55a49" title="">
 <figcaption style="text-align: center;">
 Weekly flows in spot Bitcoin ETFs since Oct. 4, 2024. Source: SoSoValue
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The continued buying in the Bitcoin ETF market came amid <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-rallies-hits-90k-peak-high" rel="null" target="null" text="null" title="null">Bitcoin surging past $90,000</a> for the first time in history on Nov. 12 and expanding gains further to reach a new all-time high of $92,400 on Nov. 13.
<h2 id="paul-tudor-jones-becomes-a-top-10-holder-of-ibit">Paul Tudor Jones becomes a top 10 holder of IBIT</h2>
Billionaire investor Paul Tudor Jones is among those increasing their exposure to spot Bitcoin ETFs.
The hedge fund manager substantially increased positions in BlackRock’s spot Bitcoin ETF in the third quarter, <a data-ct-non-breakable="null" href="https://www.sec.gov/Archives/edgar/data/923093/000095012324008354/xslForm13F_X02/35048.xml" rel="null" target="null" text="null" title="null">adding</a> $130 million worth of IBIT shares.
<figure>
 <img alt="Cryptocurrencies, Trading, Ethereum ETF, Bitcoin ETF" src="https://s3.cointelegraph.com/uploads/2024-11/01933e84-6184-71c7-b16d-f4b90157ab44" title="">
 <figcaption style="text-align: center;">
 Paul Tudor Jones becomes a top 10 holder of IBIT. Source. <a data-ct-non-breakable="null" href="https://x.com/EricBalchunas/status/1858291361633489095" rel="null" target="null" text="null" title="https://x.com/EricBalchunas/status/1858291361633489095">Eric Balchunas</a>/Bitcoin Archive
 </figcaption>
</figure>
In his latest 13F-HR report, Jones <a data-ct-non-breakable="null" href="https://www.sec.gov/Archives/edgar/data/923093/000090266424006581/xslForm13F_X02/infotable.xml" rel="null" target="null" text="null" title="null">indicated</a> holding nearly $160 million worth of the iShares Bitcoin Trust.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/cftc-united-states-spot-bitcoin-etf-options-sec" rel="null" target="null" text="null" title="null">Bitcoin ETF options pass ‘second hurdle’ with CFTC clearance</a>
The exposure makes Jones the ninth-biggest holder of IBIT shares, following Millennium Management, Goldman Sachs Group, IMC Chicago and others, <a data-ct-non-breakable="null" href="https://www.holdingschannel.com/institutional/holders-of-ibit/" rel="null" target="null" text="null" title="null">according</a> to data from Holdings Channel.
Some top IBIT holders also beefed up BTC ETF exposure in Q3, with the investment bank Goldman Sachs <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/goldman-sachs-holds-710-million-bitcoin-etfs" rel="null" target="null" text="null" title="null">increasing its Bitcoin ETF holdings by 71%</a> to $710 million.
According to data from the crypto investment firm CoinShares, global inflows to crypto exchange-traded products <a data-ct-non-breakable="null" href="https://coinshares.com/nl-en/resources/market-activity/fund-flows-18-11-24/" rel="nofollow noopener" target="_blank" text="null" title="https://coinshares.com/nl-en/resources/market-activity/fund-flows-18-11-24/">amounted</a> to $2.2 billion last week.
CoinShares’ head of research, James Butterfill, also observed that Bitcoin’s all-time-hights triggered an $866 million outflow in the second part of the week following $3 billion inflows.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-price-thanksgiving-trader-btc-etf-options-cftc-hodlers-digest/" rel="null" target="null" text="null" title="null">Saylor doubts $60K Bitcoin retrace, BTC ETF options, and more: Hodler’s Digest, Nov. 10 – 16</a>

Spot Bitcoin ETFs hit $1.7B weekly inflows, marking six-week streak

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