Ethereum

Bitcoin ETF

Bitcoin

<p>As Bitcoin inches closer to the historic $100,000 milestone, spot Bitcoin ETFs reported a record-breaking $1 billion in inflows on November 21. While Ethereum ETFs experienced slower activity, Bitcoin’s surge continues to captivate both investors and the mainstream media.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noreferrer noopener nofollow"><img loading="lazy" decoding="async" width="728" height="90" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Bitcoin, ETFs, Ethereum, BlackRock, trading, volume market, performance" class="wp-image-28237" title="Bitcoin Nears $100,000 as ETF Inflows Hit Record Highs 33"></a>
 </figure>
</div> 
<h2 class="wp-block-heading" id="record-inflows-for-bitcoin-etfs">Record Inflows for Bitcoin ETFs</h2> 
<p>Spot Bitcoin ETFs attracted $1 billion in investments across 12 funds on November 21, marking the largest daily inflow in eight trading sessions. Over the past four days, cumulative inflows reached $2.8 billion, highlighting a growing demand for crypto-related investment products.</p> 
<p>BlackRock’s IBIT fund led the inflow activity with $608.41 million in investments on Thursday, bringing its total net inflows since inception to $30 billion. Fidelity’s FBTC fund followed with $300.95 million, while Bitwise’s BITB ETF contributed $68 million. ARK’s ARKB fund and VanEck’s HODL ETF also saw positive net flows of $17.18 million and $5.56 million, respectively. In contrast, Grayscale’s Bitcoin Mini Trust recorded $7.81 million in outflows.</p> 
<h2 class="wp-block-heading" id="bitcoin-etf-trading-volume-surges">Bitcoin ETF Trading Volume Surges</h2> 
<p>On November 21, total trading volume for spot Bitcoin ETFs reached $7.1 billion, up significantly from $5.09 billion the previous day. BlackRock’s IBIT fund alone accounted for $5.22 billion of this activity. The surge in trading volume coincided with Bitcoin reaching an all-time high of $99,261, as anticipation builds for the cryptocurrency to breach the $100,000 barrier.</p> 
<h2 class="wp-block-heading" id="ethereum-etfs-lag-behind">Ethereum ETFs Lag Behind</h2> 
<p>While Bitcoin ETFs saw record demand, Ethereum ETFs struggled with $9.05 million in net outflows on November 21. Grayscale’s ETHE fund led the outflows with $27.08 million. However, Fidelity’s FETH fund mitigated some of the losses with $16.79 million in inflows, and Bitwise’s ETHW and VanEck’s ETHV ETFs added $2.89 million and $2.46 million, respectively.</p> 
<p>Analysts believe Ethereum ETFs could gain momentum with improved regulatory clarity. According to Georgii Verbitskii, <a href="https://www.turkishnyradio.com/ethereum-price-nears-death-cross-but-7-siblings-shows-no-fear/" target="_blank" data-type="post" data-id="12359" rel="noreferrer noopener">Ethereum</a> could see faster adoption as market conditions and policies evolve.</p> 
<h2 class="wp-block-heading" id="bitcoin-and-ethereum-market-performance">Bitcoin and Ethereum Market Performance</h2> 
<p>At the time of writing, Bitcoin was trading at $98,945, up 1.8% over the past 24 hours. Ethereum saw an even stronger performance, rising 8.1% to $3,369. Bitcoin’s steady climb toward $100,000 has fueled excitement across the market, with Ethereum also showing strong gains amidst this bullish sentiment.</p>

Bitcoin Nears $100,000 as ETF Inflows Hit Record Highs

Table of Contents

TNYR

Other articles published on Nov 22, 2024

Empowering Developers: How QuantumFusion’s SDK Drives dApp Innovation

Why Is XRP Going Up? Ripple Price Jumps 150% in 2 Weeks

Chinese Court Rules Bitcoin and Crypto as Legal Property

Quantoz Unveils MiCA-Compliant Stablecoins USDQ and EURQ Backed by Tether and Kraken

With Dogecoin (DOGE) and Bitcoin (BTC) Going Parabolic, It’s Only a Matter of Time Before This Co...

Gary Gensler is leaving the SEC, but replacement will face scrutiny

Join our free newsletter for daily crypto updates!