The leading cryptocurrency Bitcoin broke records with an early morning rise and rose above $97,000.
This rise in Bitcoin, which has continued in recent days, was also reflected in spot Bitcoin ETFs, and there was a net inflow of $773 million yesterday.
According to data from Farside Investors, on November 20, spot Bitcoin ETFs saw total net inflows of $773 million.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) led the way with $626 million, followed by Fidelity’s FBTC with $133 million.
While Bitwise’s BITB saw small inflows of $9.2 million and Ark Invest’s ARKB of $3.8 million, other ETFs experienced zero inflows.
Along with Bitcoin’s new ATH, the total net asset value of US spot Bitcoin ETFs also surpassed $100 billion on Wednesday, representing about 5.4% of the entire Bitcoin market cap.
BlackRock’s IBIT has $45.4 billion in net assets, while Grayscale’s GBTC has $20.6 billion in net assets, making them the two largest spot Bitcoin ETFs.
Unlike Bitcoin ETFs, spot Ethereum ETFs experienced an outflow, with a net outflow of $30.3 million from ETH ETFs on November 20.
While BlackRock iShares Ethereum Trust ETF saw an inflow of $16.7 million, Fidelity's FETH fund saw an outflow of $30.7 million.
The Grayscale Ethereum Trust ETF also saw an outflow of $16.3 million, while other ETFs recorded zero inflows.
Bitcoin continues to trade at $97,540, up 4.5% in the last 24 hours.
*This is not investment advice.
