Bitcoin ETFs Record Six-week Positive Inflow Streak

Spot Bitcoin exchange-traded funds (ETFs) maintained their positive momentum, ending another successful week as cryptocurrency markets rallied.

In the trading week from Nov. 11–15, spot Bitcoin ETFs saw net inflows of $1.67 billion, marking six consecutive weeks of positive inflows, according to data from the crypto tracking platform SoSoValue.

BlackRock’s iShares Bitcoin Trust (IBIT) leads in total historic inflows, reaching $29.3 billion, while the Grayscale Bitcoin Trust ETF has experienced $20.3 billion in outflows since spot BTC ETFs started trading in January.

Alongside the upward trend in spot BTC ETFs, spot Ethereum ETFs also showed growth, with weekly inflows reaching $515 million, making it three consecutive weeks of positive flows.

Overall, Ether ETFs have recorded $682 million in net inflows over this period.

Since Oct. 11, spot Bitcoin ETFs have accumulated six straight weeks of inflows, totaling $8.95 billion, as reported by SoSoValue.

These inflows have increased the total assets under management for spot Bitcoin ETFs to $95.4 billion, representing 5.27% of Bitcoin’s $1.8 trillion market capitalization.

The consistent buying in the Bitcoin ETF market coincided with Bitcoin surpassing $90,000 for the first time on Nov. 12, then climbing further to a new all-time high of $92,400 on Nov. 13.

Billionaire investor Paul Tudor Jones has been among those increasing their investment in spot Bitcoin ETFs.

The hedge fund manager significantly boosted his holdings in BlackRock’s spot Bitcoin ETF during the third quarter, adding $130 million worth of IBIT shares.

In his latest 13F-HR report, Jones disclosed holding nearly $160 million worth of the iShares Bitcoin Trust.

This makes Jones the ninth-largest holder of IBIT shares, following Millennium Management, Goldman Sachs Group, IMC Chicago, and others, according to data from Holdings Channel.

Several major IBIT holders also increased their Bitcoin ETF exposure in the third quarter, with Goldman Sachs raising its Bitcoin ETF holdings by 71% to $710 million.

Global inflows to crypto exchange-traded products amounted to $2.2 billion last week, according to data from the crypto investment firm CoinShares.

James Butterfill, CoinShares’ head of research, noted that Bitcoin’s all-time highs led to an $866 million outflow later in the week, following $3 billion in inflows.

Sources:

https://cointelegraph.com/news/spot-bitcoin-etf-1-7-billion-weekly-inflow-6-week

https://sosovalue.com/assets/etf/us-btc-spot

https://www.sec.gov/Archives/edgar/data/923093/000095012324008354/xslForm13F_X02/35048.xml

https://x.com/EricBalchunas/status/1858291361633489095

https://www.sec.gov/Archives/edgar/data/923093/000090266424006581/xslForm13F_X02/infotable.xml

https://www.holdingschannel.com/institutional/holders-of-ibit/

https://coinshares.com/nl-en/resources/market-activity/fund-flows-18-11-24/