BlackRock’s IBIT fund continues to demonstrate resilience with $778.2 million in inflows** on November 12, marking its fourth consecutive day of strong performance. This surge comes amid a broader market correction, as Bitcoin dipped below **$86,000, slowing inflows for other ETFs.
Key Highlights
- Total net inflows for 12 spot Bitcoin ETFs reached $817.54 million on November 12.
- Cumulative inflows over five days exceed $4.2 billion, driven by post-election market optimism.
- IBIT leads with $778.27 million, bringing its total net inflows to a record **$28.92 billion**.
Market Dynamics
The influx aligns with heightened investor confidence following Donald Trump’s re-election, which has spurred bullish sentiment across crypto markets. However, not all ETFs shared the gains:
- Grayscale’s GBTC and ARKB saw outflows of $17.79 million** and **$5.36 million, respectively.
- Bitcoin’s price dropped 5% from its peak of $89,900**, settling near **$85,500.
Ethereum ETFs Show Steady Growth
Spot Ethereum ETFs recorded $131.92 million in inflows on November 12, extending their streak to five consecutive days. Notable performers:
- BlackRock’s ETHA: $131.45 million inflows.
- Bitwise’s ETHW: $16.98 million inflows.
Despite Grayscale’s ETHE outflows ($33.21 million**), Ethereum ETFs have amassed **$649 million in the past week.
FAQ
1. Why are Bitcoin ETFs gaining traction?
Post-election optimism and institutional confidence are driving demand, with IBIT emerging as a top choice.
2. How does Ethereum ETF performance compare?
Ethereum ETFs mirror Bitcoin’s trend but with smaller volumes, though ETHA’s inflows signal growing interest.
3. What’s next for crypto ETFs?
Analysts note Bitcoin ETFs now hold 72% of gold ETF assets, hinting at further mainstream adoption.
👉 Stay updated on crypto ETF developments
Data sourced from SoSoValue and Bloomberg. Bitcoin traded at $86,917** (-1.7% daily), Ethereum at **$3,151 (-5.4%) at press time.
### Keywords
Bitcoin ETF, BlackRock IBIT, Ethereum ETF, crypto inflows, Bitcoin price, Donald Trump election, Grayscale GBTC, spot ETFs