U.S. Spot Bitcoin (BTC) Exchange-Traded Funds (ETFs) Have Posted Almost a Billion in Net Inflows

Bolstering flow results and pushing BTC to record prices, the launch of options trading on BlackRock's $44 billion behemoth BTC ETF has recorded “unprecedented” trading volumes on its first day.

U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) saw almost a billion in net inflows following a brief two-day selloff at the end of last week.

Bolstering the flow results and pushing BTC to record prices, the launch of options trading on BlackRock’s $44 billion behemoth BTC ETF saw “unprecedented” trading volumes on its first day.

Bitcoin ETFs

According to SoSoValue , Bitcoin ETFs enjoyed a strong showing on Monday with an impressive $824.22 million in net inflows for Nov. 19, 2024.

Leading the gains, the ARK 21Shares Bitcoin ETF (ARKB) captured a sizeable $267.34 million in net inflows. It was closely followed by the second-best-performing BTC ETF, Fidelity’s Wise Origin Bitcoin Fund (FBTC), which netted $256.15 million.

In an uncommon occurrence, BlackRock’s iShares Bitcoin Trust (IBIT) took the third position in the rankings, recording $216.12 million in net inflows.

With a cumulative net inflow of $29.58 billion, IBIT stood leagues above its competitors. Notably, put and call options on IBIT were just enabled, seeing a total of $4.28 billion in total value traded for IBIT.

Bitwise’s Bitcoin ETF (BITB) posted a modest $52.75 million in net inflows, and the Grayscale Bitcoin Trust (GBTC) netted a humble $16.19 million. Unfortunately for Grayscale, these meager and occasional inflows will need to go a long way to reverse the $20.25 billion in cumulative outflows from GBTC.

Finally, the VanEck Bitcoin ETF (HODL) netted a cool $7.9 million, as did the Valkyrie Bitcoin Fund (BRRR), which had $7.78 million in net inflows.

BlackRock’s ETF Options

BlackRock’s iShares Bitcoin Trust (IBIT) saw billions in “unprecedented” exposure on its first day of trading.

The vast volumes were spread across 354,000 contracts. The data showed that investors were largely bullish in their predictions, with just over $6 million being wagered on BTC’s value nearly doubling in a month.

The roaring success of its options offering saw IBIT record $4.28 billion in value traded on Nov. 19, a number that is typically seen when combining the flows of other high-performing funds and not just a solo effort.