Bitcoin's continued ascent to new highs is driving increased investment inflows into spot Bitcoin ETFs, attracting interest from traditional finance players.
Rising Investments in Spot Bitcoin ETFs
According to recent data from Sosovalue, spot Bitcoin ETFs have recorded one of the largest net inflows in the past two weeks, with daily inflows exceeding $1 billion on November 7 and November 11. As of November 13, spot Bitcoin ETFs have accumulated over $4.7 billion in net inflows over the past 6 trading sessions.
Bitcoin's New Price Record
On November 13, Bitcoin reached a new all-time high of $93,400, according to data from Coinmarketcap. Currently, Bitcoin is trading around $90,500, up nearly 21% over the past 7 days.
Outlook for Bitcoin and Spot ETFs
Institutional interest in Bitcoin continues to grow, with many traditional finance players acquiring Bitcoin via spot ETFs. Sosovalue data shows that total net assets in spot Bitcoin ETFs have reached $95.40 billion, and they are on the verge of surpassing the historic $100 billion mark.
The next week is expected to be interesting for Bitcoin and spot Bitcoin ETFs, as prices continue to rise and may reach $100,000, potentially pushing spot Bitcoin ETF assets to $100 billion.
