Daily US Bitcoin ETFs Net Flow Analysis (As of November 20, 2024)

On November 20, 2024, the daily net flow of U.S. Bitcoin ETFs demonstrated robust gains across several funds, indicating strong investor interest. BlackRock’s Bitcoin ETF (Ticker: IBIT) led with an impressive inflow of 2,320 BTC. Fidelity’s Bitcoin ETF (Ticker: FBTC) also showed significant positive movement, gaining 2,752 BTC.

Additionally, ARK’s Bitcoin ETF (Ticker: ARKB) added 2,871 BTC, showcasing substantial investor confidence. Other funds also experienced growth, albeit on a smaller scale: Bitwise’s Bitcoin ETF (Ticker: BITB) increased by 567 BTC, Grayscale’s BTC fund (Ticker: BTC) by 594 BTC, and VanEck’s (Ticker: HODL) by 85 BTC. Valkyrie’s (Ticker: BRRR) and Invesco Galaxy’s (Ticker: BTCO) funds saw modest increases of 83 BTC and 36 BTC, respectively.

Grayscale’s GBTC (Ticker: GBTC) recorded a smaller gain of 54 BTC, indicating a more tempered response from investors in this specific fund.

In total, the Bitcoin holdings of these ETFs reached 1,054,480 BTC, marking a significant net daily increase of 9,362 BTC, which corresponds to a value increase of approximately $884.9 million. This activity underscores a strong day of trading and investment, reflecting overall positive sentiment in the Bitcoin ETF markets.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

Join CryptoCrunchApp on Telegram Channels – Click to Join

30.3K Reads