FameEX Hot Topics | Spot Bitcoin ETFs See $1.7B in Weekly Inflows, Extending Six-Week Streak

Spot Bitcoin exchange-traded funds (ETFs) maintained their strong momentum as the cryptocurrency market surged, recording net inflows of $1.67 billion during the trading week of Nov. 11–15. This marked the sixth consecutive week of positive flows, according to data from SoSoValue. Since Oct. 11, spot Bitcoin ETFs have amassed $8.95 billion in inflows, bringing total assets under management to $95.4 billion, representing 5.27% of Bitcoin’s $1.8 trillion market capitalization.

BlackRock’s iShares Bitcoin Trust (IBIT) leads the market with cumulative historic inflows of $29.3 billion, while Grayscale’s Bitcoin Trust ETF has experienced outflows totaling $20.3 billion since the introduction of spot Bitcoin ETFs in January. Ether (ETH) ETFs also saw a rise, recording $515 million in weekly inflows and sustaining a three-week streak of positive flows. Over the past three weeks, Ether ETFs have accumulated $682 million in net inflows.

Billionaire investor Paul Tudor Jones has significantly increased his exposure to Bitcoin ETFs. In the third quarter, he added $130 million worth of IBIT shares, bringing his total holdings to nearly $160 million, according to his latest 13F-HR report. This positions Jones as the ninth-largest holder of IBIT shares, following other major investors such as Millennium Management and Goldman Sachs Group. Goldman Sachs notably increased its IBIT holdings by 71% in Q3, reaching $710 million.

Bitcoin's rally further fueled investor interest as it reached historic highs, breaking the $90,000 mark for the first time on Nov. 12 and surging to $92,400 by Nov. 13. These price movements prompted additional investments from top IBIT holders, reflecting growing confidence in Bitcoin’s long-term prospects.

Globally, crypto exchange-traded products saw $2.2 billion in inflows last week, according to CoinShares. However, Bitcoin’s all-time highs triggered $866 million in outflows in the second half of the week, following $3 billion in inflows. James Butterfill, CoinShares’ head of research, noted that this trend reflects profit-taking amid record-breaking gains in the cryptocurrency market.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.