Spot Bitcoin exchange-traded funds (ETFs) continue to grow, marking another successful week as the cryptocurrency market booms.
According to data from the cryptocurrency tracking platform SoSoValue, spot Bitcoin ETFs (BTC) recorded net inflows of $1.67 billion during the trading week from November 11 to 15, marking six consecutive weeks of positive cash flow.
BlackRock's iShares Bitcoin Trust (IBIT) currently leads in cumulative historical inflows with $29.3 billion, while the Grayscale Bitcoin Trust ETF has seen outflows of $20.3 billion since spot BTC ETFs began trading in January.
At the same time, along with the positive trend in the spot BTC ETF market, other markets such as Ether (ETH) ETFs also recorded growth, reaching $515 million in weekly inflows and marking three consecutive weeks of positive cash flow. In total, Ether ETFs have attracted $682 million in net inflows over the past three weeks.
Six weeks of inflows have brought $9 billion to spot Bitcoin ETFs.
Since October 11, spot Bitcoin ETFs have recorded six consecutive weeks of inflows, totaling $8.95 billion according to SoSoValue.
These cash flows have brought total assets under management for spot Bitcoin ETFs to $95.4 billion, equivalent to 5.27% of Bitcoin's $1.8 trillion market capitalization.
Weekly cash flow in spot Bitcoin ETFs from October 4, 2024. Source: SoSoValue
Continuous buying activity in the Bitcoin ETF market occurred as Bitcoin first broke $90,000 on November 12 and continued to reach a new high of $92,400 on November 13.
Paul Tudor Jones has become the tenth largest shareholder of IBIT.
Billionaire investor Paul Tudor Jones is among those increasing investments in spot Bitcoin ETFs.
This investment manager has significantly increased its position in BlackRock's spot Bitcoin ETF in the third quarter, adding $130 million in IBIT shares.
Paul Tudor Jones has become the tenth largest shareholder of IBIT. Source: Eric Balchunas/Bitcoin Archive
In his latest 13F-HR report, Jones indicated holdings of nearly $160 million in iShares Bitcoin Trust shares.
This investment has made Jones the ninth largest shareholder of IBIT shares, behind Millennium Management, Goldman Sachs Group, IMC Chicago, and other funds, according to data from Holdings Channel.
Some major shareholders of IBIT have also increased their investments in BTC ETFs in the third quarter, with investment bank Goldman Sachs increasing its Bitcoin ETF shares by 71% to reach $710 million.
Follow me #tintucbitcoin #Write2Win #btc #binance #binance
