FameEX Hot Topics | Spot Bitcoin ETFs Attract $1.7B in Weekly Inflows, Marking Six Consecutive Weeks

Spot Bitcoin exchange-traded funds (ETFs) continued their impressive performance amid a booming cryptocurrency market, recording $1.67 billion in net inflows during the trading week of Nov. 11–15. This marked six consecutive weeks of positive flows, according to data from SoSoValue. Since Oct. 11, these funds have attracted $8.95 billion in inflows, pushing total assets under management to $95.4 billion, or 5.27% of Bitcoin’s $1.8 trillion market capitalization.

BlackRock’s iShares Bitcoin Trust (IBIT) emerged as the leader in cumulative inflows, reaching $29.3 billion. In contrast, Grayscale’s Bitcoin Trust ETF recorded $20.3 billion in outflows since spot Bitcoin ETFs were introduced in January. Meanwhile, Ether (ETH) ETFs also demonstrated growth, with $515 million in weekly inflows and three consecutive weeks of positive performance. Over the past three weeks, Ether ETFs have amassed $682 million in net inflows, highlighting increasing investor interest in the broader cryptocurrency market.

Notable investors have also ramped up their positions in Bitcoin ETFs. Billionaire hedge fund manager Paul Tudor Jones increased his holdings in IBIT during the third quarter by $130 million, bringing his total to nearly $160 million, as reported in his latest 13F-HR filing. This places Jones as the ninth-largest IBIT holder, alongside other major players such as Millennium Management and Goldman Sachs Group, the latter of which boosted its IBIT holdings by 71% in Q3 to $710 million.

Bitcoin’s record-breaking rally has further fueled demand for these ETFs. The cryptocurrency crossed the $90,000 threshold for the first time on Nov. 12 and climbed to $92,400 by Nov. 13, prompting additional investments from top IBIT stakeholders. This surge reflects growing confidence in Bitcoin as a long-term investment.

Globally, cryptocurrency exchange-traded products saw $2.2 billion in inflows last week, according to CoinShares. However, Bitcoin’s all-time highs also led to $866 million in outflows later in the week as some investors locked in profits. James Butterfill, CoinShares’ head of research, attributed this to natural profit-taking following Bitcoin's unprecedented gains.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.