Spot Bitcoin ETFs See $1.7 Billion in Weekly Inflows, Marking Six-Week Streak of Positive Growth

Spot Bitcoin exchange-traded funds (ETFs) are continuing to experience significant upward momentum, with another week of impressive inflows as the cryptocurrency market rallies. During the trading week of November 11–15, spot Bitcoin ETFs recorded net inflows of $1.67 billion, marking a remarkable six consecutive weeks of positive flows.

Spot Bitcoin ETFs Continue to Attract Investors

According to data from the crypto tracking platform SoSoValue, these continuous inflows have pushed the total net assets of spot Bitcoin ETFs to an impressive $95.4 billion, representing 5.27% of Bitcoin’s $1.8 trillion market capitalization. This surge reflects growing institutional interest in Bitcoin exposure via ETFs, contributing to the market's bullish sentiment.

Over the past six weeks, spot Bitcoin ETFs have seen a combined $8.95 billion in inflows, indicating a strong demand for Bitcoin investments through traditional financial products like ETFs. This sustained growth comes as Bitcoin prices surged past $90,000 for the first time in history on November 12 and then set a new all-time high of $92,400 on November 13.

BlackRock Leads the Pack with $29.3 Billion in Inflows

BlackRock’s iShares Bitcoin Trust (IBIT) has emerged as the dominant player in the Bitcoin ETF market, leading in cumulative historic inflows with $29.3 billion. The ETF’s success highlights the increasing institutional adoption of Bitcoin in mainstream financial markets. Meanwhile, the Grayscale Bitcoin Trust ETF (GBTC), which began trading before spot Bitcoin ETFs, has faced outflows of $20.3 billion since January.

Growth in Ether ETFs as Well

It’s not just Bitcoin that’s seeing ETF growth. Spot Ether (ETH) ETFs have also seen positive momentum, recording $515 million in weekly inflows during the same period, marking a three-week streak of growth. In total, Ether ETFs have attracted $682 million in net inflows over the past three weeks, signaling increasing investor interest in Ethereum exposure through ETFs.

Paul Tudor Jones Increases Bitcoin ETF Holdings

Among the high-profile investors capitalizing on the Bitcoin ETF boom is billionaire hedge fund manager Paul Tudor Jones. Jones has significantly increased his exposure to BlackRock’s spot Bitcoin ETF, adding $130 million worth of IBIT shares in the third quarter. According to his latest 13F-HR filing, Jones now holds nearly $160 million in IBIT shares, making him the ninth-largest holder of the ETF.

Other institutional investors have also ramped up their Bitcoin ETF positions. Investment bank Goldman Sachs, for example, boosted its Bitcoin ETF holdings by 71%, bringing its total to $710 million.

What’s Behind the Growth?

The ongoing success of spot Bitcoin ETFs can be attributed to several factors. First, Bitcoin’s impressive price gains have drawn more institutional investors seeking exposure to the cryptocurrency through regulated, traditional investment products. Furthermore, the approval of spot Bitcoin ETFs has helped ease concerns about Bitcoin’s regulatory status, giving investors confidence in the long-term viability of these financial products.

Looking Ahead: Strong Demand for Bitcoin Exposure

As Bitcoin continues to break records and institutional adoption grows, the trend of increasing inflows into spot Bitcoin ETFs is expected to continue. With billion-dollar inflows pouring in, Bitcoin ETFs are emerging as a key investment vehicle, bringing traditional finance and the crypto world even closer together.