Bitcoin ETFs See 220% Surge in Inflows

Exchange-Traded Funds (ETFs) for Bitcoin on the US stock market experienced a remarkable 220% increase in inflows on November 19, compared to the previous day, as Bitcoin reached new record highs after the launch of the first trading options for these funds.

According to data from SoSoValue, Bitcoin ETFs recorded a total of $816.44 million in inflows. The largest share of these inflows was directed towards ARK’s ARKB funds, which attracted $267.34 million—marking the highest daily inflow since the fund’s inception, surpassing the $200.7 million recorded on March 27.

Fidelity’s FBTC fund and BlackRock’s IBIT fund also saw significant inflows, attracting $256.15 million and $216.12 million, respectively, benefiting from the momentum in the market.

Other funds, including Bitwise’s BITB, Grayscale’s GBTC, and VanEck’s HODL, contributed to the overall surge, with inflows of $52.75 million, $16.19 million, and $7.9 million, respectively.

In terms of trading volume, Bitcoin ETFs saw a notable rise, with the total trading volume reaching $4.78 billion on November 19, up from $3.62 billion the day before, reflecting a strong market reaction to the new Bitcoin trading options.

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