cryptojournalist
Bitcoin ETFs in the U.S. are on fire. From Nov. 18–22, they pulled in a jaw-dropping $3.12 billion, more than double the $1.67 billion from the previous week, according to CoinShares. This is the largest weekly inflow ever for spot Bitcoin ETFs.
BlackRock Still on Top
BlackRock’s iShares Bitcoin Trust (IBIT) is the clear leader, managing $48.95 billion in assets as of Nov. 22. It’s brought in $31.33 billion in total inflows so far. Grayscale’s Bitcoin ETF, despite holding $21.61 billion, has struggled with over $20 billion in outflows since launch.
Huge Year for Crypto Investments
Digital asset products have raked in $37 billion this year. Bitcoin ETFs are crushing it, even outperforming the first-year inflows of gold ETFs, which hit just $309 million.
But not everyone is holding on. Countries like Germany and Sweden saw outflows as investors took profits after Bitcoin’s recent price rally.
Mixed Moves by Investors
Some are betting on more gains, while others are playing it safe. Short-Bitcoin products, designed to profit when prices fall, attracted $10 million. On the flip side, optimism in Australia, Canada, and Hong Kong contributed $70 million to inflows.
Bitcoin Hits New High
Bitcoin hit an all-time high of $99,655.50 on Nov. 22, just shy of the $100,000 milestone. It’s currently trading at $98,459.95 after a slight pullback.
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