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Bitcoin spot ETFs saw $1.7 billion in inflows in a single week, growing for six consecutive weeks

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From November 11 to 15, the BTC spot ETF recorded a net inflow of $1.67 billion during the trading week. This is the sixth consecutive week of positive growth for the product. Since October 11, the BTC spot ETF has accumulated an inflow of $8.95 billion, bringing its total assets under management to $95.4 billion, accounting for 5.27% of BTC's $1.8 trillion market capitalization. BlackRock's iShares BTC Trust (IBIT) led the market with an inflow of $29.3 billion. The inflow of ETH spot ETF also showed growth, with a weekly inflow of about $515 million, and has been positive for three consecutive weeks. Over the past three weeks, the ETH spot ETF has had a net inflow of $682 million. Billionaire investor Paul Tudor Jones significantly increased his investment in the BTC ETF. According to the latest 13F-HR report, in the third quarter he increased his holdings of IBIT worth $130 million, bringing his total holdings to $160 million. This makes Jones the ninth-largest shareholder of IBIT, behind other major investors such as Millennium Management and Goldman Sachs. Goldman Sachs' IBIT holdings surged 71% in the third quarter to $710 million. On November 12, the price of BTC broke through the $90,000 mark for the first time, and the rise in its price further fueled investor interest, pushing it to $92,400 on November 13. These positive price trends have attracted additional investment plans from IBIT's major holders, reflecting growing confidence in BTC's long-term prospects. According to CoinShares data, cryptocurrency exchange-traded products globally saw inflows of $2.2 billion last week, and subsequently accumulated inflows of $3 billion, after which some investors started to take profits, with outflows of $866 million in the second half of the week.Disclaimer: The information provided in this section is for reference only and does not constitute any investment advice or official view of FameEX.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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