Bitcoin ETFs See Third Consecutive Day of Inflows as BTC Hits New All-Time High

Bitcoin exchange-traded funds (ETFs) in the United States experienced their third straight day of significant inflows on November 20, totaling $773.47 million as Bitcoin soared to a new all-time high of $97,836. Over the last three days, U.S. Bitcoin ETFs have seen cumulative inflows surpass $1.8 billion, a surge fueled by growing optimism around Bitcoin’s future.

The latest inflows come amid a broader market rally, spurred by expectations of improved regulatory clarity under the upcoming administration of President-elect Donald Trump, who has made it clear he aims to position the U.S. as the “crypto capital of the planet.”

BlackRock Dominates Bitcoin ETF Market

The lion’s share of the inflows on November 20 flowed into BlackRock’s IBIT ETF, which attracted a whopping $626.52 million in just one day.

With this latest surge, BlackRock’s IBIT has now reached $30 billion in cumulative net inflows, securing its position as the dominant force in the Bitcoin ETF space.

Other Bitcoin ETFs also reported notable inflows. Fidelity’s FBTC ETF saw $133.94 million in inflows, while ARK’s ARKB and Bitwise’s BITB attracted $9.25 million and $3.77 million, respectively. Although Grayscale’s Bitcoin Mini Trust data remained unavailable, the overall trading volume for Bitcoin ETFs reached an impressive $5.71 billion on November 20, a notable increase from the previous day’s volume of $4.78 billion.

Bitcoin’s Price Surge Toward $100K

Bitcoin’s price surged sharply during Asian trading hours on November 20, reaching a high of $97,836, continuing its impressive upward trajectory. The cryptocurrency has more than doubled in value this year, and in the two weeks since Trump’s election victory, Bitcoin has gained an astonishing 40%.

This rise has been driven in part by Trump’s pro-crypto stance and the growing presence of digital asset-friendly lawmakers in the U.S. Congress. This regulatory environment has led to widespread optimism that the crypto industry could experience a “golden era” under the new administration. Since the election, U.S.-listed Bitcoin ETFs have seen over $4 billion in inflows.

BlackRock’s IBIT options also saw strong activity this week, with call options—which represent bullish bets on Bitcoin—outpacing put options, signaling a positive outlook from investors.

Ethereum ETFs Experience Outflows

While Bitcoin’s bullish momentum is clear, the situation is quite different for Ethereum (ETH)-focused ETFs. On November 20, spot Ethereum ETFs recorded their fifth consecutive day of outflows, totaling $30.29 million. Leading the outflows was Fidelity’s FETH ETF, which saw $30.75 million exit, while Grayscale’s ETHE ETF also faced losses of $16.29 million. Grayscale’s Ethereum ETF has now experienced cumulative losses of $3.29 billion since its launch.

However, not all Ethereum-focused funds are seeing outflows. BlackRock’s ETHA ETF bucked the trend, securing $16.74 million in inflows, while other Ethereum ETFs remained relatively neutral on the day.

Current Market Snapshot

At the time of writing, Bitcoin (BTC) was still up by 5.6% in the past 24 hours, trading at $97,659. In contrast, Ethereum (ETH) was mostly flat, holding steady at around $3,107.

With Bitcoin's dominance continuing to rise, especially in the wake of favorable regulatory expectations, analysts are watching closely to see if the cryptocurrency will maintain its momentum toward the $100,000 mark.

Stay tuned for further updates as Bitcoin and the broader cryptocurrency market continue to show remarkable growth.