On October 20, 12 US spot Bitcoin ETFs set a new record high for total net asset value since their launch in January. These funds currently hold Bitcoin worth over $66.1 billion, exceeding the previous record of $62.6 billion set in early June.
The value held by the ETFs accounts for 4.89% of Bitcoin's total market capitalization. These funds experienced their best trading week for inflows since early March, with inflows exceeding $2.1 billion, making it the fourth-best week so far, and have maintained inflows for six consecutive days.
The recent rise in Bitcoin prices has also helped these funds reach new highs; Bitcoin prices have risen about 12% since October 10, reaching over $68,000 currently, boosting the value of each ETF.
Since the close on October 10 (the last recorded day of net outflows), the total value of Bitcoin held by these funds has increased by about $11 billion. Among them, BlackRock's IBIT saw its asset value increase by over $3 billion during this period, making it the single fund with the largest increase.
