Spot Bitcoin ETFs continue their positive trend, increasing assets under management to $95.4 billion.
Steady Growth in Spot Bitcoin ETFs
According to the SoSoValue platform, spot Bitcoin ETFs have shown positive flows for six weeks. During the trading week of Nov. 11-15, net inflows amounted to $1.67 billion. Since trading began in January, BlackRock's iShares Bitcoin Trust (IBIT) has seen record inflows of $29.3 billion while Grayscale Bitcoin Trust ETF has lost $20.3 billion.
Increasing Institutional Interest
Alongside the rise in spot Bitcoin ETFs, the market also sees increased interest in spot Ethereum ETFs, with weekly inflows reaching $515 million. A total of $682 million has been invested in Ether ETFs over the past three weeks. Since October 11th, spot Bitcoin ETFs have attracted $8.95 billion. Among the interested investors is billionaire Paul Tudor Jones, who increased his holdings by $130 million in IBIT during the third quarter.
Records in the Cryptocurrency Market
The total assets under management for spot Bitcoin ETFs have reached $95.4 billion, representing 5.27% of Bitcoin's market value of $1.8 trillion. During this period, Bitcoin reached an all-time high of $92,400 on November 13.
Positive flows into spot Bitcoin ETFs and record highs in the market indicate ongoing interest from institutional investors in cryptocurrencies.
