Bitcoin exchange-traded funds (ETFs) are experiencing inflows for the third consecutive day.

Exchange-traded funds (ETFs) for Bitcoin in the United States recorded strong performance on November 20, attracting financial inflows of $773.47 million, as Bitcoin reached record levels exceeding $97,000.

According to data from SoSoValue, the cumulative inflows into Bitcoin ETFs in the United States over the last three days exceeded $1.8 billion. This upward momentum reflects growing optimism about the future of Bitcoin, especially in light of the expected improvement in regulatory clarity under the administration of elected President Donald Trump.

The lion's share of these inflows went to the IBIT fund (managed by BlackRock), which attracted $626.52 million in a single day. With this significant increase, the total net inflows surpassed $30 billion, reinforcing this fund's position as a major player in the Bitcoin ETF market.

In the same context, other funds like FBTC from Fidelity recorded inflows of $133.94 million, while ARK and ARKB funds from 21Shares and BITB fund from Bitwise had lower inflows, amounting to $9.25 million and $3.77 million, respectively. No announcement was made regarding inflows for the Bitcoin Mini Trust fund managed by Grayscale. Other funds remained neutral in their performance.

In addition, the total trading volume of Bitcoin ETFs on November 20 was approximately $5.71 billion, marking a noticeable increase compared to $4.78 billion on November 19.

Read also:

Bitcoin reaches a record high, exceeding $97,000 for the first time ever

Japanese company Metaplanet plans to issue new bonds to purchase more Bitcoin!