Bitcoin ETFs Hit $100B Milestone Amid Record Rally
Bitcoin surged to an all-time high of $95,000 on Wednesday, pushing the total net asset value of Bitcoin ETFs to a historic $100.55 billion, representing 5.4% of Bitcoin’s market cap, according to Sosovalue.
Blackrock’s IBIT leads with $45.38B in assets, followed by Grayscale’s GBTC ($20.61B) and Fidelity’s FBTC ($18.44B). ETFs saw $773M in inflows on Wednesday, with IBIT driving $626M.
As Bitcoin eyes the $100K mark, analysts predict even larger ETF inflows in December, a traditionally strong month.
Meanwhile, U.S. Ethereum ETFs continued a five-day outflow streak, losing $30.3M on the same day.
Is $100K next for Bitcoin? 🚀
