Bitcoin and Ethereum Spot ETFs See Record Inflows on November 22
Bitcoin and Ethereum Spot ETFs: Key Inflows and Market Impact
On November 22, both Bitcoin and Ethereum Spot ETFs experienced significant inflows, marking a pivotal moment in the cryptocurrency market. The surge in investments highlights growing institutional interest in crypto assets, especially as the Bitcoin Spot ETF and Ethereum Spot ETF continue to gain traction in mainstream finance.
Bitcoin Spot ETF Sees $490 Million Daily Inflow
Bitcoin Spot ETFs, including the iShares Bitcoin Trust (IBIT), saw impressive daily inflows of $490 million on November 22. This marks the fifth consecutive day of positive net inflows, underscoring the continued confidence in Bitcoin as an asset class. The total net asset value of Bitcoin Spot ETFs has now reached $107.49 billion, which constitutes 5.48% of Bitcoin's total market cap.
The iShares Bitcoin Trust (IBIT), one of the leading Spot Bitcoin ETFs, led the charge with a single-day net inflow of $513.2 million. This brought the cumulative total net inflows for IBIT to $31.33 billion. With $3.71 billion traded on November 22 alone, IBIT holds a market price of $56.49 and manages net assets worth $48.95 billion.
These inflows highlight the growing adoption of crypto ETFs, with Spot Bitcoin ETFs becoming an essential tool for investors looking to gain exposure to Bitcoin without the complexities of direct ownership. As the crypto market continues to evolve, these ETFs are positioned to offer a more secure and regulated entry point for institutional investors.
Ethereum Spot ETFs Begin to See Positive Momentum
Meanwhile, Ethereum Spot ETFs also saw a rebound on November 22, recording a total net inflow of $91.21 million after a six-day period of outflows. The BlackRock Ethereum ETF (ETHA) accounted for a major portion of this influx, with $99.68 million added in a single day. Despite Ethereum’s lower market cap compared to Bitcoin, Ethereum Spot ETFs are gaining increasing attention. The cumulative net inflows for the Ethereum Spot ETF have now reached $106.8 million, with net assets totaling $9.69 billion.
Fidelity’s Ethereum Fund (FETH) and other Spot Ethereum ETFs are gaining popularity as more investors seek exposure to the second-largest cryptocurrency by market cap. The rise in Spot Ethereum ETF inflows is a testament to the growing demand for decentralized finance (DeFi) and Ethereum-based applications. Ethereum’s move toward scaling solutions and network upgrades has undoubtedly contributed to the optimism surrounding its Spot ETFs.
As Spot Bitcoin ETFs and Spot Ethereum ETFs continue to gather momentum, these vehicles are playing a critical role in driving institutional adoption and expanding the accessibility of crypto assets to a broader investor base.
