Bitcoin ETF

Bitcoin

Grayscale Bitcoin Trust

Since the day of its release, January 2024, Bitcoin ETF has seen a massive inflow from institutional investors, allowing it to diversify assets without owning Bitcoin on the crypto market. 
Bitcoin spot exchange-traded fund (ETF) recorded volume trading of $5 billion on Nov. 26; the volume was led by dominant key players in the industry, including BlackRock, Fidelity and Grayscale. 
According to Coinglass <a href="https://www.coinglass.com/bitcoin-etf" target="_blank" rel="nofollow">data</a>, BlackRock’s iShares Bitcoin Trust (IBIT) record $3.46 billion volume trading in the past 24 hours. At the time of writing, IBIT is the highest among its competitors, with asset under management (AUM) and market capitalizations of $47 billion and $44 billion, respectively. 
<a rel="" href="https://crypto.news/tag/fidelity/">Fidelity</a> Wise Origin Bitcoin Fund (FBTC), following the success of trading volume in the past day of $620 million and $79 per share. Fidelity’s AUM reached $18 billion and market cap $17 billion. 
The third largest Bitcoin ETF issuer, <a rel="" href="https://crypto.news/tag/grayscale/">Grayscale</a> Bitcoin Trust ETF (GBTC), accounts for almost $400 million of trading volume. As the oldest issuer, GBTC has the highest expense ratio of 1.5% per share and accommodates the needs of investors with a lower ratio in Bitcoin Mini Trust (BTC), trading at $70 million. 
Moreover, spot Bitcoin exchange-traded funds in the United States have experienced their second consecutive day of outflows this week, coinciding with Bitcoin’s price dipping below $91,000. 
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="nofollow">data </a>from SoSoValue, the 12 spot Bitcoin ETFs recorded $122.78 million in outflows on Nov. 26, a notable reduction from the <a href="https://crypto.news/bitcoin-etfs-record-438m-in-outflows-as-btc-dips-below-93k/" target="_blank">$438.38 million</a> in outflows seen a day earlier, which marked the largest single-day outflow since the U.S. elections. 
The majority of Tuesday’s outflows came from Fidelity’s FBTC, which saw $95.68 million exit the fund. Additional outflows were recorded from Grayscale’s GBTC and Invesco’s BTCO, with $36.14 million and $2.27 million withdrawn, respectively. 
These outflows were partially offset by inflows into Bitwise’s BITB and Grayscale’s Bitcoin Mini Trust, which logged $6.47 million and $4.84 million in inflows, respectively. 
Meanwhile, <a href="https://crypto.news/tag/Blackrock/" target="_blank">BlackRock</a>’s IBIT and the remaining six Bitcoin ETFs remained neutral on the day, reporting no significant inflows or outflows. 
 Read more: <a rel="" href="https://crypto.news/bitcoin-etfs-record-438m-in-outflows-as-btc-dips-below-93k/"> Bitcoin ETFs Record $438m in Outflows as BTC Dips Below $93k </a> 
<h2 class="wp-block-heading" id="bitcoin-etfs-rise-btc-price-drops">Bitcoin ETFs rise, BTC price drops</h2> 
Bitcoin’s (<a rel="" href="https://crypto.news/price/bitcoin/">BTC</a>) price in the cryptocurrency market has seen a different faith, drowning to $91k or a decrease of 1.23% in the past days of trading. Although Bitcoin volume trading also rose about 12% to $91 billion, the coin’s market capitalization saw a slight decrease to $1.8 trillion, marking the dominance to 57%. 
The crypto market also faces the same amount of liquidations as the <a rel="" href="https://crypto.news/traders-seen-553-million-crypto-liquidations-as-bitcoin-dropped-92k/">previous day</a>, which reached $465 million. Bitcoin and small market cap coins lead the market liquidations with $112 million and $81 million. 
 You might also like: <a rel="" href="https://crypto.news/grayscale-bitwise-will-begin-trading-bitcoin-etf-options-today/"> Grayscale-Bitwise will begin trading Bitcoin ETF options today </a>

Bitcoin ETF volume reaches $5b as Bitcoin price drops to $91k

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