U.S. spot Bitcoin exchange-traded funds (ETFs) surpassed $5 billion in trading volume on November 14, with BlackRock’s IBIT ETF accounting for a significant 60% of that figure, contributing over $3 billion. Despite the remarkable trading activity, the combined ETFs experienced a net outflow of $400.67 million.
Among the ETFs, BlackRock’s IBIT stood out with a net inflow of $126.53 million, bringing its cumulative inflow to $29.28 billion. In contrast, other notable funds, including Grayscale’s GBTC, Fidelity’s FBTC, ARK & 21Shares’ ARKB, and Bitwise’s BITB, saw a combined net outflow of $524.41 million.
The data, which follows a week of robust net positive inflows totaling $4.7 billion from November 6 to 13, highlights the continued growth of Bitcoin ETF markets. According to SoSoValue, the spot Bitcoin ETFs now boast a cumulative net inflow of $27.83 billion, with total assets valued at $92.56 billion. This represents 5.34% of Bitcoin’s market capitalization.
As Bitcoin’s bullish trend persists, the surge in ETF trading activity reflects a growing institutional appetite for the cryptocurrency. BlackRock’s IBIT has emerged as a leading option, drawing in substantial inflows as both retail and institutional investors seek more efficient exposure to Bitcoin.
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