Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments

exchange68November 20, 2024

0 3 1 minute read

Bitcoin ETFs have attracted over $1 billion in inflows so far this week. Data from Nov. 18 shows total ETF inflows at $254.8 million, which surged to $816.4 million on Nov. 19.

On Nov. 19, ARK’s ARKB led with inflows of $267.3 million, followed by Fidelity’s FBTC with $256.1 million and BlackRock’s IBIT with $216.1 million. These figures represent substantial increases from the previous day, where IBIT and FBTC recorded inflows of $89.3 million and $60 million, respectively.

Bitcoin ETF flows (Source: Farside Investors)

The surge coincides with Bitcoin reaching a new all-time high of $93,900 on Nov. 19.

Some ETFs, such as Invesco’s BTCO and Franklin’s EZBC, reported zero inflows on both days, indicating a concentration of investor preference toward certain funds. Grayscale’s GBTC also saw an uptick, with inflows rising from $5.8 million to $16.2 million between the two days.

Analyst

Liam ‘Akiba’ Wright

Editor-in-Chief at CryptoSlate

Also known as “Akiba,” Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.