The post Bitcoin ETFs see record trading volume amid BTC all-time high appeared on BitcoinEthereumNews.com.

Spot Bitcoin exchange-traded funds in the United States continued their positive inflow streak for the sixth consecutive day, recording net inflows of $510.11 million on Nov. 13 as Bitcoin surpassed $93,000 for the first time. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $4.73 billion over the six straight days of trading ending on Nov. 13. BlackRock’s IBIT led the group for the fifth consecutive day on Thursday with inflows of $230.81 million. Notably, IBIT has seen over $29.15 billion in net inflows since its launch, bringing the total net assets held by BlackRock to $42.56 billion. Bloomberg analyst Eric Balchunas noted in an earlier X post that BlackRock’s IBIT hit $40 billion in assets just two weeks after reaching $30 billion, breaking the previous record of 1,253 days held by BlackRock’s IEMG. He added that the ETF is now ranked in the top 1% of all ETFs by assets and, at just 10 months old, is already larger than all 2,800 ETFs launched in the past decade. Fidelity’s FBTC also contributed with inflows of $186.07 million on Thursday, extending its five-day streak. Notably, none of the ETFs experienced outflows on the day. Inflows are as follows: Grayscale Bitcoin Mini Trust: $61.3 million ARK and 21Shares’ ARKB: $14.47 million Bitwise’s BITB: $12.33 million VanEck’s HODL: $5.12 million Total trading volume seen by the 12 spot Bitcoin ETFs reached a record $8.07 billion on Nov. 13, with BlackRock’s IBIT alone recording $5.37 billion in volume, its largest since launch, and Fidelity recording $1 billion in volume, its biggest day since March. The significant inflows seen on Nov. 13 came as Bitcoin, the flagship crypto, rallied to a new all-time high of $93,477 on Thursday, driving more investor interest into Bitcoin ETFs. The volatile digital asset…

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Filed under: News - @ November 14, 2024 7:28 am