Bitcoin ETFs see record trading volume amid BTC all-time high
Spot Bitcoin exchange-traded funds in the United States continued their positive inflow streak for the sixth consecutive day, recording net inflows of $510.11 million on Nov. 13 as Bitcoin surpassed $93,000 for the first time.
According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $4.73 billion over the six straight days of trading ending on Nov. 13. BlackRock’s IBIT led the group for the fifth consecutive day on Thursday with inflows of $230.81 million. Notably, IBIT has seen over $29.15 billion in net inflows since its launch, bringing the total net assets held by BlackRock to $42.56 billion.
Bloomberg analyst Eric Balchunas noted in an earlier X post that BlackRock’s IBIT hit $40 billion in assets just two weeks after reaching $30 billion, breaking the previous record of 1,253 days held by BlackRock’s IEMG. He added that the ETF is now ranked in the top 1% of all ETFs by assets and, at just 10 months old, is already larger than all 2,800 ETFs launched in the past decade.
Fidelity’s FBTC also contributed with inflows of $186.07 million on Thursday, extending its five-day streak. Notably, none of the ETFs experienced outflows on the day. Inflows are as follows:
- Grayscale Bitcoin Mini Trust: $61.3 million
- ARK and 21Shares’ ARKB: $14.47 million
- Bitwise’s BITB: $12.33 million
- VanEck’s HODL: $5.12 million
Total trading volume seen by the 12 spot Bitcoin ETFs reached a record $8.07 billion on Nov. 13, with BlackRock’s IBIT alone recording $5.37 billion in volume, its largest since launch, and Fidelity recording $1 billion in volume, its biggest day since March.
The significant inflows seen on Nov. 13 came as Bitcoin, the flagship crypto, rallied to a new all-time high of $93,477 on Thursday, driving more investor interest into Bitcoin ETFs. The volatile digital asset has surged considerably since Trump won last week’s U.S. presidential election, beating its previous record highs multiple times.
At press time, Bitcoin (BTC) was still up 3.9%, exchanging hands at $90,032.
Ether hits six-day inflow streak
The nine spot Ethereum ETFs recorded their sixth consecutive day of inflows, with $146.89 million flowing into the funds on Nov. 13. The majority of inflows went to Fidelity’s FETH, which recorded $101.72 million. BlackRock’s ETHA, Bitwise’s ETHW, and Grayscale Ethereum Mini Trust contributed $35.63 million, $13 million, and $2.15 million, respectively.
Grayscale’s ETHE, the only ETH ETF to record outflows on the day, saw $5.6 million withdrawn from the fund. The remaining Ether ETFs remained neutral.
Over the last six trading days, these ETFs have seen over $800 million in total net inflows, with the last three days marking the top three individual inflow days since launch. The cumulative net inflows have now turned positive at $241.51 million.
At press time, Ethereum (ETH) was also up 2.3%, trading at $3,231 per coin.
