Bitcoin exchange-traded funds (ETFs) have seen significant investor interest, attracting over $1 billion in inflows this week. According to data from November 18, the total ETF inflows stood at $254.8 million. By November 19, this figure had surged to $816.4 million, reflecting a remarkable increase.
ARKB Leads the Pack with $267.3 Million in Inflows
ARK’s ARKB ETF led the way on November 19, recording $267.3 million in inflows. Fidelity’s FBTC followed closely with $256.1 million, and BlackRock’s IBIT saw $216.1 million. These inflows represent a notable rise from the previous day, where IBIT and FBTC had only seen $89.3 million and $60 million, respectively.
Bitcoin Reaches New All-Time High Amid ETF Surge
The surge in ETF inflows coincided with Bitcoin’s price hitting a new all-time high of $93,900 on November 19. This milestone likely contributed to the increased demand for Bitcoin-related investment products.
Selective Investor Interest in Specific ETFs
While many ETFs experienced strong inflows, some funds, such as Invesco’s BTCO and Franklin’s EZBC, reported no inflows on either November 18 or November 19. This indicates that investor preference has concentrated on specific funds. Grayscale’s GBTC saw an uptick as well, with inflows rising from $5.8 million to $16.2 million between the two days.
This growing interest in Bitcoin ETFs highlights the market’s positive sentiment towards cryptocurrency investments as Bitcoin continues to set new records.
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