US-based Bitcoin spot exchange-traded funds (ETFs) saw massive inflows of $817.5 million on November 12, reflecting continued investor interest in the cryptocurrency sector despite its volatility.
BlackRock’s IBIT Fund led the way, attracting $778.3 million in inflows, bringing the fund’s total weekly inflows to $1.93 billion, cementing its position in the crypto market.
Fidelity's FBTC fund also added $37.2 million in inflows, while Grayscale's Mini Bitcoin Trust and VanEck's HODL funds saw inflows of over $10 million.
In contrast, Grayscale's GBTC fund saw net outflows of $17.8 million, while 21Shares' Ark and ARKB funds saw outflows of $5.4 million.
Data from SoSoValue showed that the total trading volume of bitcoin exchange-traded funds fell to $5.7 billion on Nov. 12, down from $7.3 billion on Nov. 11, but still higher than the $2.8 billion recorded last Friday, reflecting a noticeable volatility in the daily trading activity of these funds.
