Bitcoin and Ethereum ETFs See Continued Growth with $1.67 Billion in Inflows

Exchange-traded funds (ETFs) focused on Bitcoin have shown strong performance over the past week, with inflows estimated at about $1.67 billion between November 11 and 15, according to data from "SoSoValue." This marks the sixth consecutive week that these funds have experienced positive net inflows, bringing the total inflows since October 11 to $8.95 billion.

Leading these inflows is the IBIT fund from BlackRock, which captured significant inflows totaling $29.3 billion, making it the most attractive investment in Bitcoin ETFs. In contrast, "Grayscale Bitcoin Trust" has seen outflows totaling $20.3 billion since Bitcoin ETFs began trading in January of this year.

On another note, positive inflows were not limited to Bitcoin funds but also included Ethereum ETFs, which recorded weekly inflows of around $515 million. These funds continue to attract investments, with total inflows into exchange-traded Ethereum funds reaching approximately $682 million over the past three weeks, reflecting stability and ongoing growth in this sector.

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