The spot Bitcoin ETFs recorded a net inflow of $1.67 billion in the past trading week, marking the 6th consecutive week of positive inflows.
The spot Bitcoin ETFs continued to maintain their growth momentum, recording another successful week as the cryptocurrency market boomed.
From November 11-15, the spot Bitcoin ETFs attracted a net inflow of $1.67 billion, marking the sixth consecutive week of positive inflows, according to data from the cryptocurrency tracking platform SoSoValue.
The iShares Bitcoin Trust (IBIT) of BlackRock currently leads with a total historical inflow of $29.3 billion, while the Grayscale Bitcoin Trust ETF has recorded an outflow of $20.3 billion since the launch of spot Bitcoin ETFs in January.
Along with the positive trend of spot Bitcoin ETFs, the spot Ether ETFs also grew, reaching $515 million in the week and marking the third consecutive week of positive inflows. In total, the Ether ETFs have attracted $682 million in net inflows over the past three weeks.
For six consecutive weeks, the spot Bitcoin ETFs have attracted $9 billion. Since October 11, the net inflow into the spot Bitcoin ETFs has reached a total of $8.95 billion, increasing the total assets under management to $95.4 billion, equivalent to 5.27% of the $1.8 trillion market capitalization of Bitcoin.
This strong buying momentum came as Bitcoin first surpassed the $90,000 threshold on November 12 and reached a new all-time high of $93,265.
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The article Spot Bitcoin ETFs achieved $1.7 billion inflow in the week first appeared on CoinMoi.
