Cryptocurrency ETFs in the US are seeing unprecedented inflows, coinciding with significant price surges in Bitcoin and Ethereum.
Record Performance of Bitcoin ETFs Amid Crypto Surge
Spot Bitcoin ETFs in the US have experienced six consecutive days of positive net inflows, totaling $510.11 million on Nov. 13 as Bitcoin surpassed $93,000. According to SoSoValue, the 12 Bitcoin ETFs logged $4.73 billion in net inflows. BlackRock's IBIT and Fidelity's FBTC led with notable trading volumes, achieving $5.37 billion and $1 billion respectively.
Impact and Dynamics of Ethereum ETFs
Ethereum ETFs also exhibit a six-day positive streak. On Nov. 13, they recorded $146.89 million in inflows, with Fidelity's FETH attracting the majority. Over the last six trading days, cumulative net inflows exceeded $800 million.
Overview and Current Trends of Bitcoin and Ethereum Markets
Record inflows to Bitcoin and Ethereum ETFs align with substantial price increases. Bitcoin reached a new all-time high of $93,477, while Ethereum is trading at $3,231, reflecting sustained investor interest.
The record performance of cryptocurrency ETFs underscores the growing investor interest in digital assets amidst rising values.
