US #BitcoinETFs Inflows Hit $1 Billion

🔹 Date: November 21, 2024
🔹 U.S. Bitcoin ETFs saw $1 billion in net inflows.
🔹 Total Traded Value: $7.09 Billion

Major players:
▪️ #BlackRock  iShares Bitcoin Trust (IBIT): $608.4 million
▪️ #Fidelity  $300.95 million

Key stats:
▪️ ETFs purchased 10,660 BTC, while only 450 BTC were mined that day.
▪️ Total AUM for Bitcoin ETFs now exceed $106 billion.
▪️ Bitcoin ETFs are now 82% the size of Gold ETFs.

🔰 What it means: Strong institutional demand is driving adoption, signaling bullish sentiment for Bitcoin.