Inflows into U.S. spot Bitcoin exchange-traded funds (ETFs) soared by 220% on November 19, reaching a record high, as Bitcoin prices surged to new all-time levels following the launch of the first-ever Bitcoin ETF trading options.
According to data from SoSoValue, the 12 spot Bitcoin ETFs collectively recorded net inflows of $816.44 million on Tuesday—more than double the amount seen the day before. The largest contributor to this surge was ARK and 21Shares’ ARKB, which saw $267.34 million in inflows, marking its highest day since launch and surpassing the $200.7 million inflows recorded on March 27.
Fidelity’s FBTC and BlackRock’s IBIT also saw significant gains, attracting $256.15 million and $216.12 million, respectively. Other notable ETFs, including Bitwise’s BITB, Grayscale’s GBTC, and VanEck’s HODL, also posted positive inflows, adding $52.75 million, $16.19 million, and $7.9 million, respectively. Meanwhile, Grayscale’s Bitcoin Mini Trust remained unchanged, with no updates on its flow data at the time of writing.
Record Trading Volume and New Bitcoin Highs
Total trading volume for these Bitcoin ETFs surged to $4.78 billion on November 19, up from $3.62 billion the previous day. This increase in volume coincided with Bitcoin hitting a new all-time high of $94,041, driven in part by the launch of options contracts for BlackRock’s IBIT Bitcoin ETF on Nasdaq.
The new options, which allow investors to trade shares of the Bitcoin ETF at predetermined prices, added another layer of speculation to Bitcoin’s price movements. In total, nearly $2 billion in options contracts on BlackRock’s ETF were traded on the first day, marking a significant milestone for the market. Bloomberg analyst Eric Balchunas noted the unprecedented nature of the $1.9 billion in trading volume, highlighting how it compares to the $363 million recorded during the debut of ProShares Bitcoin Strategy ETF—the first ETF in the U.S. offering Bitcoin exposure.
This sharp increase in ETF inflows and options trading activity underscores the growing institutional interest in Bitcoin, with the latest developments further cementing the cryptocurrency’s place in the mainstream financial ecosystem.
Related topics:
Raydium and Ponke Surge Following Major Listing on Bithumb
Crypto Products See Record Inflows of $2.2 Billion Following U.S. Election Results
Bitcoin Predicted to Reach $200K by 2025, Bernstein Research Forecasts
