U.S.-Listed Spot Bitcoin Exchange-Traded Funds (ETFs) See Massive Inflows as BTC Nears $100K Mark

U.S.-listed spot Bitcoin exchange-traded funds (ETFs) attracted massive inflows on Thursday, extending their positive streak to a fourth consecutive day this week.

U.S.-listed spot Bitcoin exchange-traded funds (ETFs) saw another day of massive inflows on Friday, extending the positive streak to a fourth consecutive day this week.

The funds have generally witnessed an uptick in trade volume and net inflows in the past few days, coinciding with a bullish crypto market, fueled largely by Donald Trump’s decisive re-election to the White House and the expected Federal Reserve’s interest rate cut in December.

Investors Bet Big on Bitcoin

Data from SoSoValue showed that spot Bitcoin ETFs saw daily net inflows of $1 billion on November 21, underscoring the growing institutional interest in exposure to the world’s largest cryptocurrency by market cap.

BlackRock’s IBIT took the lion’s share of the day’s inflow, pulling in $608.41 million, as Fidelity’s FBTC, Bitwise’s BITB, and the ARK 21Shares Bitcoin ETF (ARKB) attracted $300.95 million, $68 million, and $17.18 million, respectively.

Grayscale’s GBTC seemed to have fallen out of favor with investors, bleeding $7.8 million to bring its cumulative net outflow since launch to $20.26 billion. The rest of the funds posted zero flows, except for the Grayscale Mini-Bitcoin Trust (BTC), VanEck’s HODL, and Franklin Templeton’s EZBC, which saw mild inflows totaling $18.23 million.

The continued inflows into the funds came as Bitcoin inched closer to the $100,000 mark, with prices hovering above $99,000 for the majority of Friday. According to CoinMarketCap data, the crypto asset hit a daily high of $99,481 at around 10:44 a.m. (GMT+3) before paring some of the gains to trade at $98,755 at the time of writing.

The overall crypto market cap reached a record $3.4 trillion after adding 4.5% in the last 24 hours, mainly on Bitcoin’s jump and XRP’s 24.2% gain during the same period. Other smaller cryptos that soared include Ether and Solana, which gained 6.94% and 6.93% in the last day.

Stay updated on Gemini’s launch in France:

Gemini Enters French Crypto Market After Securing VASP Registration

Read about Trump’s crypto appointments:

Trump’s Crypto Appointments Bring Bitcoin Closer to $100K