Institutional Investors Return with Record $1.4B Bitcoin ETF Inflow
Institutional investors have returned with a record $1.4 billion inflow into Bitcoin ETFs, coinciding with Bitcoin's new all-time high.
Record Inflows into Bitcoin ETFs
On November 7, the eleven spot Bitcoin ETFs in the United States experienced a historic inflow of approximately $1.37 billion. This surge in investments coincided with Bitcoin reaching a new all-time high, just shy of $77,000, following Donald Trump’s recent presidential election victory and a rate cut by the US central bank.
Total Investment in Bitcoin ETFs
With this latest influx, the total amount invested in spot Bitcoin ETFs has now reached $25.5 billion, according to data from Farside Investors. This marks a significant milestone in the ongoing evolution of Bitcoin investment products.
"A record $1.4 billion into spot BTC ETFs today… Now $25.5 billion net inflows since January launch. Continue to rewrite ETF history books."
BlackRock's Dominance in ETF Flows
BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, attracting an impressive $1.12 billion in inflows on the same day. This represents the highest fund flow day for IBIT since its inception in January, bringing its total fund flows to $27 billion. Currently, the fund manages assets worth $32.8 billion across 432,674 BTC holdings.
Bloomberg's senior ETF analyst, Eric Balchunas, expressed surprise at the scale of the inflows, stating, “Told y’all it was probably gonna be big, although even I am surprised it’s that big, by far the biggest one-day flow of any BTC ETF ever.”
Market Dynamics and Other Notable Inflows
The record inflow day comes after a brief period of outflows from IBIT, which saw $113 million exit the ETF. In addition to BlackRock, Fidelity’s Bitcoin ETF (FBTC) also recorded a notable inflow of $191 million. Other ETFs, including Bitwise, Ark 21Shares, and Grayscale, experienced minor inflows ranging from $13 million to $20 million.
In total, approximately $2 billion has flowed into spot Bitcoin ETFs in the US over the past two days, as Bitcoin surged to its all-time high.
Ethereum ETFs Experience Growth
In a related trend, the nine spot Ethereum ETFs also saw significant inflows, totaling $79.7 million, marking the largest inflow since August 6. BlackRock's ETHA and Fidelity's FETH accounted for the majority of these inflows, with $23.7 million and $28.9 million, respectively.
Despite these figures being smaller compared to Bitcoin ETFs, the positive trend indicates a potential shift in the Ethereum market as well.
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