According to BlockBeats, on October 20, 12 spot Bitcoin ETFs in the United States set a record for the highest total net asset value of the funds since their launch in January. These funds currently hold more than $66.1 billion worth of Bitcoin, surpassing the record of $62.6 billion set in early June.
The value of ETF holdings represents 4.89% of Bitcoinâs total market cap. The funds experienced their best trading week for inflows since early March, with more than $2.1 billion in inflows, the fourth-best week so far, and six consecutive days of inflows.
The recent rise in the price of Bitcoin has also helped these funds hit new highs; Bitcoin prices have risen about 12% from October 10 to its current price of more than $68,000, pushing up the value of each ETF.
Since the close of trading on October 10 (the last day of net outflows), the total value of Bitcoin held by these funds has increased by about $11 billion. Among them, BlackRock's IBIT has increased its asset value by more than $3 billion during this period, becoming the single fund with the largest increase.
