Summary Review: Spot Bitcoin exchange-traded funds (ETFs) recorded $1.7 billion in inflows last week, marking six consecutive weeks of growth. Total assets under management for these ETFs have now reached $95.4 billion, representing 5.27% of Bitcoin’s $1.8 trillion market cap. Billionaire investor Paul Tudor Jones also boosted his holdings in BlackRock’s Bitcoin ETF.
Spot Bitcoin ETFs are continuing to attract significant investments, riding the wave of a surging cryptocurrency market. Between November 11 and 15, these funds received net inflows of $1.67 billion, extending their positive streak to six straight weeks, according to data from tracking platform SoSoValue.
Bitcoin ETFs Gain Momentum
The consistent inflows have brought total assets under management for spot Bitcoin ETFs to $95.4 billion, equating to 5.27% of Bitcoin’s overall market capitalization of $1.8 trillion.
BlackRock’s iShares Bitcoin Trust (IBIT) leads the pack with cumulative inflows of $29.3 billion since spot Bitcoin ETFs debuted in January. In contrast, the Grayscale Bitcoin Trust ETF has experienced outflows totaling $20.3 billion over the same period.
Ether ETFs Join the Trend
The growing interest isn’t limited to Bitcoin. Spot Ether ETFs also saw strong demand, with weekly inflows of $515 million, marking three consecutive weeks of positive movement. Over the past three weeks, Ether ETFs have attracted $682 million in net investments, highlighting increasing interest in Ethereum-based products.
Bitcoin Hits New Highs
The surge in ETF investments aligns with Bitcoin’s recent record-breaking performance. The cryptocurrency surpassed $90,000 for the first time on November 12, climbing further to an all-time high of $92,400 the next day.
Big Investors Join the Game
Notable figures like billionaire hedge fund manager Paul Tudor Jones are increasing their stake in Bitcoin ETFs. Jones expanded his holdings in BlackRock’s iShares Bitcoin Trust during Q3, adding $130 million worth of shares, making him one of the top 10 investors in the fund.
Summary Review: Spot Bitcoin exchange-traded funds (ETFs) recorded $1.7 billion in inflows last week, marking six consecutive weeks of growth. Total assets under management for these ETFs have now reached $95.4 billion, representing 5.27% of Bitcoin’s $1.8 trillion market cap. Billionaire investor Paul Tudor Jones also boosted his holdings in BlackRock’s Bitcoin ETF.
Disclaimer: Nothing in this article, or any content from Web30 News, should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves risks, and investors should be aware that capital is at risk and returns are never guaranteed. Please conduct thorough research and consult with a qualified financial advisor before making any investment decision.
