Bitcoin ETFs Break Records as BTC Reaches All-Time High

Bitcoin ETFs Record $1.8B Inflows as BTC Hits New ATH of $97,836

Bitcoin ETFs Experience Surge in Inflows

U.S. Bitcoin exchange-traded funds (ETFs) recorded a third consecutive day of inflows on November 20, with $773.47 million entering the funds, driving the total cumulative inflows over the past three days to more than $1.8 billion. This surge comes as Bitcoin reached a new all-time high (ATH) of $97,836, reflecting growing optimism in the market.

BlackRock Leads Bitcoin ETFs with Huge Inflows

On November 20, BlackRock’s IBIT ETF received a massive inflow of $626.52 million in just one day. This has pushed the total inflows for IBIT to over $30 billion, confirming BlackRock as the top player in the Bitcoin ETF market.

Other Bitcoin ETFs also saw good investment growth. Fidelity’s FBTC ETF brought in $133.94 million. ARK’s ARKB ETF and 21Shares’ Bitwise BITB ETF had smaller inflows of $9.25 million and $3.77 million, respectively.

Grayscale’s Bitcoin Mini Trust data was unavailable, but most other Bitcoin ETFs stayed the same. In total, Bitcoin ETF trading volume hit $5.71 billion on November 20, a noticeable jump from the previous day’s $4.78 billion.

Bitcoin Surges Toward $100K as Price Hits New High

On November 20, Bitcoin’s price jumped to $97,836 during Asian trading hours. The cryptocurrency has more than doubled in value this year, with an impressive 40% rise in just the two weeks following Donald Trump’s election victory.

Many investors are hopeful that Trump’s positive stance on cryptocurrencies, along with a wave of pro-digital asset lawmakers in Congress, could usher in a prosperous period for the crypto industry.

Since the election, U.S. Bitcoin ETFs have received over $4 billion in investments. BlackRock’s IBIT options also had a strong start, with more people betting that Bitcoin’s price will go up (call options) than betting it will go down (put options).

Ethereum ETFs See Continued Outflows, Except BlackRock's ETHA ETF

Ethereum ETFs Face Outflows: Ethereum-focused exchange-traded funds (ETFs) saw a fifth consecutive day of money leaving on November 20, with $33.47 million in outflows.

Fidelity's FETH Hardest Hit: The FETH ETF, managed by Fidelity, experienced the largest outflow, losing $30.75 million.

Grayscale’s ETHE Also Struggles: Grayscale’s ETHE ETF saw $16.29 million in outflows, bringing its total losses to $3.29 billion since launch.

BlackRock’s ETHA Bucks the Trend: The ETHA ETF, managed by BlackRock, saw a positive shift, attracting $16.74 million in new investments.

Overall Market Trend: Most other Ethereum-focused ETFs remained stable, showing neither significant inflows nor outflows.

In summary, Bitcoin ETFs are seeing record inflows, driven by Bitcoin's rising price and investor optimism, with BlackRock leading the way. In contrast, Ethereum ETFs are facing continued outflows, except for BlackRock's ETHA ETF, which saw positive investment growth. This highlights strong confidence in Bitcoin while Ethereum struggles to attract similar support.