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<p class="is-style-lead">Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of inflows on Nov. 20, with $773.47 million entering the funds as Bitcoin reached a new all-time high of over $97K.</p>
<p>According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data </a>from SoSoValue, the cumulative inflows into U.S. Bitcoin ETFs over the past three trading days surpassed $1.8 billion. The momentum comes amid growing optimism surrounding Bitcoin’s future, particularly as regulatory clarity seems to be improving under the upcoming administration of President-elect Donald Trump, who has <a href="https://crypto.news/donald-trump-teases-us-crypto-capital-of-the-planet-plan/" target="_blank" rel="noopener noreferrer nofollow">vowed </a>to position the United States as the “crypto capital of the planet.”</p>
<h2 class="wp-block-heading" id="blackrock-leads-the-btc-etf-pack">BlackRock leads the BTC ETF pack</h2>
<p>The lion’s share of Nov. 20 inflows went to BlackRock’s IBIT ETF, which attracted $626.52 million in a single day. With this latest boost, BlackRock’s IBIT has now achieved cumulative net inflows exceeding $30 billion, solidifying its status as the dominant player in the Bitcoin ETF market.</p>
<p>Other ETFs also saw notable contributions. Fidelity’s FBTC ETF recorded $133.94 million in inflows, while ARK and 21Shares’ ARKB and Bitwise’s BITB saw more modest inflows of $9.25 million and $3.77 million, respectively.</p>
<p>While data on Grayscale’s Bitcoin Mini Trust remains unavailable, other Bitcoin ETFs stayed neutral on the day. Total trading volume for Bitcoin ETFs reached $5.71 billion on Nov. 20, marking a sharp increase from $4.78 billion the previous day.</p>
<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/department-of-government-efficiency-tokens-rally-after-trump-appoints-musk-as-head/"> Department of Government Efficiency Tokens rally after Trump appoints Musk as head </a></p>
<h2 class="wp-block-heading" id="bitcoin-climbs-toward-100k">Bitcoin climbs toward $100K</h2>
<p>Bitcoin’s price surged during Asian trading hours on Nov. 20, reaching a high of $97,836. The cryptocurrency has more than doubled in value this year and has seen a remarkable 40% increase in just the two weeks since Trump’s election victory.</p>
<p>Investors are optimistic that Trump’s pro-crypto stance and the <a href="https://crypto.news/trump-favors-crypto-lawyer-and-former-sec-attorney-teresa-goody-guillen-to-head-sec/" target="_blank" rel="noopener noreferrer nofollow">influx of digital asset-friendly lawmakers</a> in Congress could catalyze a golden era for the industry.</p>
<p>Since the election, U.S.-listed Bitcoin ETFs have attracted over $4 billion in inflows. BlackRock’s IBIT options also made a strong <a href="https://crypto.news/sec-options-trading-blackrock-ishares-bitcoin-trust/" target="_blank" rel="noopener noreferrer nofollow">debut this week</a>, with call options—indicating bullish bets on Bitcoin’s price—outpacing puts.</p>
<h2 class="wp-block-heading" id="ethereum-etfs-face-outflows">Ethereum ETFs face outflows</h2>
<p>In stark contrast to Bitcoin’s bullish momentum, spot Ethereum ETFs recorded their fifth consecutive day of outflows on Nov. 20, with <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noopener noreferrer nofollow">$30.29 million</a> exiting the funds. Fidelity’s FETH led the outflows, shedding $30.75 million, while Grayscale’s ETHE followed with $16.29 million in outflows, bringing its cumulative losses since launch to $3.29 billion.</p>
<p>Interestingly, BlackRock’s ETHA ETF bucked the trend, managing to attract $16.74 million in inflows, while the rest of the Ethereum-focused ETFs remained neutral.</p>
<p>At press time, Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) was still up 5.6% in the last 24 hours, trading at $97,659. Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>), however, was trading sideways and was valued at approximately $3,107.</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-hit-95000-heading-to-the-100k-target/"> Bitcoin hit $95,000: heading to $100k target price </a></p>

Bitcoin ETFs see third straight day of inflows as BTC clocks new ATH

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