Bitcoin and Ethereum ETFs See Record Inflows as Crypto Markets Surge
Bitcoin ETF See New investment last week was US$1.67 billion, bringing total assets to US$95.4 billion. Spot Bitcoin exchange-traded funds (ETFs) maintained strong momentum, marking another successful week that saw Bitcoin surge to a new all-time high of $93,400. Meanwhile, inflows into the Ethereum spot ETF have reached their highest levels in recent weeks, reflecting growing investor interest.
Bitcoin ETF hits new high
Bitcoin spot ETF gains in second week of November A staggering $1.67 billion in new investments. This marks the sixth consecutive week of positive inflows, bringing the Bitcoin ETF’s total assets under management (AUM) to $95.4 billion.
At the same time, this accounts for 5.27% of Bitcoin’s total market capitalization ($1.8 trillion). Bitcoin price surges, reaching All-time high $93,400has been a key driver of these inflows.
BlackRock’s iShares Bitcoin Trust (IBIT) currently leads the way with $29.3 billion in total inflows. However, Grayscale’s Bitcoin Trust ETF has seen $20.3 billion in outflows since its launch.
Ethereum ETF gaining momentum
The strong performance in the Bitcoin ETF market coincides with a parallel rise in the Ethereum spot ETF. Ethereum ETFs recorded $515 million Weekly inflows increased for the third consecutive week.
The surge brought the total net assets of the spot Ethereum ETF to $9.15 billion, an increase of $880 million from the previous week. This suggests that while investors are increasingly turning to Ethereum ETFs, the asset’s market capitalization is not surging like Bitcoin’s.
However, despite the growing interest in Ethereum ETFs, the price of Ethereum itself has only increased slightly, trading at around $3,115.
