BlackRock’s IBIT Bitcoin ETF continues to outperform amid broader market volatility, with $778.2 million flowing into the fund on November 12, marking the fourth consecutive day of strong inflows. This performance comes despite a recent dip in Bitcoin’s price, which briefly fell below $86,000, indicating strong investor confidence in the product.
According to data from SoSoValue, the 12 spot Bitcoin ETFs collectively recorded net inflows of $817.54 million on Tuesday, extending their streak to five days. This brings the total inflows for the group to over $4.2 billion in recent weeks, driven by renewed market optimism, particularly following U.S. President Donald Trump’s re-election. The ripple effect of his political success has helped fuel positive sentiment in the cryptocurrency space.
IBIT Fund Dominates Bitcoin ETF Flows
BlackRock’s IBIT fund remains the clear leader in this ETF rally, securing $778.27 million of the total inflows. This brings the fund’s cumulative net inflows to a record $28.92 billion since its launch. The sustained demand for IBIT underscores its popularity among investors seeking exposure to Bitcoin through traditional investment vehicles. In contrast, other Bitcoin ETFs have seen more modest inflows, or in some cases, outflows.
Fidelity’s FBTC, Grayscale’s Bitcoin Mini Trust, and VanEck’s HODL also contributed smaller but notable inflows, adding $37.2 million, $15.08 million, and $10.13 million, respectively. However, some Bitcoin ETFs, including Grayscale’s GBTC and ARK 21Shares’ ARKB, saw outflows, with $17.79 million and $5.36 million leaving the funds.
The fluctuations reflect investor responses to recent price corrections. Bitcoin dropped by more than 5% from its peak of $89,900 to hover around $85,500 on Tuesday, though it has since slightly recovered to $86,917.
Bitcoin ETFs Reach $90 Billion in Assets
Bloomberg analyst Eric Balchunas praised the performance of Bitcoin ETFs, noting that total assets under management (AUM) for the group have surpassed $90 billion, a significant milestone. Bitcoin ETFs now control roughly 72% of the assets held by gold ETFs, underscoring their growing relevance in the broader financial landscape.
Ethereum ETFs Experience Solid Inflows
Meanwhile, Ethereum ETFs are also seeing sustained interest, with spot Ethereum ETFs registering net inflows of $131.92 million on November 12. This marks the fifth consecutive day of positive inflows for Ethereum-focused funds, which have collectively added $649 million in the past week. The day prior, November 11, saw a record single-day inflow of $295.48 million.
BlackRock’s ETHA fund was the standout, attracting $131.45 million, while Bitwise’s ETHW brought in $16.98 million. Other Ethereum ETFs, including Grayscale’s Ethereum Mini Trust, VanEck’s ETHV, and 21Shares’ CETH, also saw inflows, though Grayscale’s ETHE experienced a net outflow of $33.21 million.
As of the latest data, Ethereum’s price had fallen by 5.4%, trading at $3,151. This price movement mirrors the broader downturn in cryptocurrency markets, but the continued ETF inflows suggest that institutional interest in both Bitcoin and Ethereum remains strong.
The data paints a picture of sustained institutional investment in cryptocurrency, with Bitcoin and Ethereum ETFs continuing to attract substantial inflows even amid market corrections. As these digital assets evolve, ETFs have become a key vehicle for bridging the gap between traditional financial markets and the crypto world.
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