#cryptonews
U.S. spot Bitcoin exchange-traded funds (ETFs) witnessed an impressive $676 million in inflows on Tuesday, nearly doubling Monday’s $353.67 million.
Asset managers of these ETFs currently oversee $104.25 billion in net assets, roughly equivalent to 1,076,610 BTC—close to the 1.1 million BTC believed to belong to Bitcoin’s enigmatic creator, Satoshi Nakamoto.
Fidelity’s Wise Origin Bitcoin Fund followed, securing $52.17 million. Despite the overall positive trend, ARK 21Shares Bitcoin ETF (ARKB) experienced $93.5 million in outflows on the same day.
BlackRock’s iShares Bitcoin Trust ETF (IBIT) dominated the day’s inflows, attracting $693.25 million in capital.
Ethereum spot ETFs also gained traction on Tuesday, drawing $133 million in inflows, according to Valentin Fournier, a digital asset intelligence expert at BRN.
November proved to be a record-breaking month for Bitcoin ETFs, with $7.6 billion in net inflows.
Meanwhile, the Grayscale Bitcoin Trust ETF reported no net changes in asset flows, continuing to hold approximately $20.6 billion. This pales compared to IBIT’s commanding $48.5 billion.
The surge in inflows coincided with a month-long rally that saw Bitcoin’s price soar by 45%, reaching an all-time high of $99,000. Data from Farside Investors revealed that BlackRock’s iShares Bitcoin Trust ETF dominated the inflows, accounting for $5.6 billion, or nearly 87% of the total.
November was a historic month for Bitcoin ETFs in the United States, with investors pouring $6.4 billion into spot BTC ETFs.
The bullish momentum was driven by strong market sentiment, with Bitcoin’s price climbing from $68,000 at the start of November to its record-breaking peak. The Grayscale Bitcoin Trust ETF led the losses, with $364 million in outflows, followed by Bitwise Bitcoin ETF at $40.4 million and Valkyrie Bitcoin Fund at $6.8 million.
Other major contributors included Fidelity’s Wise Origin Bitcoin Fund, which attracted $962 million, Grayscale’s Bitcoin Mini Trust ETF with $211.5 million, and the VanEck Bitcoin ETF at $71.2 million.