bullish

United

Bitcoin

Grayscale Bitcoin Trust

<p>The recent weeks have seen a bullish trend in the crypto market, with Bitcoin's price reaching new heights daily. As Bitcoin nears the significant $100K milestone, there has been a massive surge in inflow volume for ETFs. United States-based <a href="https://coinpedia.org/crypto-live-news/bitcoin-breaks-99k-as-bitcoin-etfs-see-842m-inflows/" target="_blank" rel="noreferrer noopener">spot Bitcoin exchange-traded funds</a> (ETFs) have recorded a staggering $3.1 billion in inflows in just one week, setting a new high for crypto investment products.</p>   
<h2 class="wp-block-heading" id="h-record-3-13-billion-added-in-seventh-straight-week-of-inflows">Record $3.13 Billion Added in Seventh Straight Week of Inflows</h2>   
<p>Major global crypto funds, managed by industry leaders such as BlackRock, Bitwise, Fidelity, Grayscale, ProShares, and 21Shares, have marked a remarkable seventh week of continuous net inflows, totaling $3.13 billion—setting a <a href="https://blog.coinshares.com/volume-210-digital-asset-fund-flows-weekly-report-1e294c6b2c70" target="_blank" rel="noreferrer noopener nofollow">new record</a> for the highest inflow in a single week.</p>   
<p>Spot Bitcoin ETFs experienced a record-breaking week from November 18-22, with net inflows climbing to $3.13 billion. This represented a 102% surge from the previous week's inflows of $1.67 billion.</p>   
<p>These robust inflows have sent the year-to-date total to a new high, with assets under management at these funds reaching a record $153.3 billion. This increase came following a recent surge in Bitcoin's price, noted James Butterfill, CoinShares' Head of Research, in a report released on Monday.</p>   
<blockquote class="wp-block-quote">
  
 <p>The report said, “Year-to-date inflows now stand at a record $37 billion, driven primarily by bitcoin, far outpacing the debut of U.S. gold ETFs, which attracted just $309 million in their first year.”</p> 
</blockquote>   
<p>Last week, U.S. spot Bitcoin exchange-traded funds topped the charts in net weekly inflows, amassing an unprecedented $3.38 billion. Of this, BlackRock’s IBIT product contributed a substantial $2.05 billion.</p>   [post_titles_links postid="385126"]   
<h2 class="wp-block-heading" id="h-etf-volume-increases-as-btc-nears-the-100k-mark">ETF Volume Increases as BTC Nears the $100K Mark</h2>   
<p>As of November 22, <a href="https://coinpedia.org/news/blackrocks-bitcoin-etf-ibit-options-go-live-on-nasdaq-btc-etf-inflows-drive-95b-aum/" target="_blank" rel="noreferrer noopener">BlackRock's iShares Bitcoin Trust</a> (IBIT) remains the frontrunner with net assets totaling $48.95 billion and cumulative inflows reaching $31.33 billion. On the other hand, the Grayscale Bitcoin Trust ETF, which holds $21.61 billion in net assets, has experienced more than $20 billion in outflows since its inception.</p>   
<p>The U.S. saw a significant $3.2 billion come into its markets, while Germany, Sweden, and Switzerland experienced outflows of $40 million, $84 million, and $17 million respectively, as investors there decided to sell off their holdings at recent high prices. In contrast, Australia, Canada, and Hong Kong saw more positive movements, with inflows of $9 million, $31 million, and $30 million respectively.</p>   
<p>Meanwhile, Bitcoin attracted $3 billion in new investments. At the same time, the rising prices led to $10 million being invested in products betting against Bitcoin, with a total of $58 million for the month marking the highest inflow since August 2022.</p>   
<p class="has-background" style="background-color:#e9f0ff"><strong><em>Ready to ride the Bitcoin wave? Read <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin price prediction</a> and discover where it's headed next!</em></strong></p>   
<p>Since last Thursday, Bitcoin has been hovering between $95,000 and $99,000. Its initial push toward the $100,000 mark didn't succeed, primarily because there was less trading activity from institutional investors over the weekend.</p>   
<p>This week's favorable entry points might turn bullish for Bitcoin along with rising demand from both retail and institutional investors. As a result, there’s a <a href="https://coinpedia.org/price-analysis/bitcoin-eth-xrp-price-prediction-key-levels-to-watch-this-week/" target="_blank" rel="noreferrer noopener">probability of breaking the $100K resistance.</a></p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732540332538">
  <strong class="schema-faq-question">Which bitcoin ETF is most successful?</strong> 
  <p class="schema-faq-answer">The BlackRock iShares Bitcoin Trust (IBIT) is currently the most successful Bitcoin ETF, with $48.95 billion in assets and $31.33 billion in inflows.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732540412939">
  <strong class="schema-faq-question">Which ETF owns the most bitcoin?</strong> 
  <p class="schema-faq-answer">The Grayscale Bitcoin Trust (GBTC) owns the most Bitcoin among ETFs, holding over 640,000 BTC in its portfolio.</p> 
 </div> 
</div>

Bitcoin ETF Inflows Hit Record $3.13 Billion as Crypto Market Surges

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