Record Spot ETF Inflows Soar Past $1B as Price Approaches $100K Milestone

BlackRock and Fidelity Dominate Record Spot ETF Inflows Amid Market Surge

Yesterday, under erratic trading conditions, Bitcoin’s price approached the $100,000 milestone for the first time, and Bitcoin ETFs saw near-record inflows of over $1 billion. After the Securities and Exchange Commission (SEC) approved the listing of options for spot Bitcoin ETFs last month, BlackRock’s spot Bitcoin ETF options trading began on November 19. This is when the massive inflows occurred.

According to data from Farside Investors, Blackrock’s iShares Bitcoin Trust (IBIT) received well over $608 million yesterday, the greatest inflows of any fund. Bitwise’s Bitwise Bitcoin ETF (BITB) fund brought in $68 million, while the Fidelity Wise Origin Bitcoin Fund (FBTC) brought in over $301 million.

Pro-Crypto Policies Spark Speculation: Bitcoin ETF Inflows Near Historic Highs

Even if they were historically very high, yesterday’s ETF inflows are still far lower than those on November 8, when there was a lot of speculation about the influence of the pro-crypto U.S. government and the immediate run-up to Donald Trump’s election. Trump has pledged to defend cryptocurrency mining interests, dismiss regulators such as Gary Gensler of the Security and Exchange Commission (SEC), who later announced his resignation, and even create a strategic Bitcoin reserve in the United States. The announcement of record inflows coincides with Bitcoin ETFs’ growing prominence as a primary vehicle for Bitcoin holdings.

In a tweet, Bloomberg ETF analyst Eric Balchunas emphasized how U.S. bitcoin ETF assets reached $100 billion on November 22. This indicates that Bitcoin EFTs now make up over 82% of the total value of Gold ETFs and a higher percentage of all Bitcoin held than the mystery creator Satoshi Nakamoto.

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