Weekly U.S. Bitcoin ETFs Net Flow Analysis

For the week spanning November 18 to November 24, 2024, the U.S. Bitcoin ETFs saw a total net inflow of 26,029 BTC, signaling strong market activity and investor confidence.

BlackRock’s Bitcoin ETF (Ticker: IBIT) led the week with a substantial increase of 16,129 BTC, making it the standout performer in terms of net inflows. Fidelity’s Bitcoin ETF (Ticker: FBTC) also had a strong week, adding 5,963 BTC. Other ETFs that saw notable inflows include Bitwise’s Bitcoin ETF (Ticker: BITB) with 1,541 BTC, ARK’s Bitcoin ETF (Ticker: ARKB) with 2,032 BTC, and Invesco Galaxy’s (Ticker: BTCO) with an addition of 656 BTC.

On the other hand, Grayscale’s GBTC (Ticker: GBTC) experienced a net outflow, decreasing by 866 BTC, which marked a notable exception to the otherwise positive inflow trends observed across most ETFs.

Additional gains were recorded by Grayscale’s BTC fund (Ticker: BTC) with 258 BTC, VanEck’s (Ticker: HODL) with 113 BTC, Valkyrie’s (Ticker: BRRR) with 145 BTC, and Franklin Templeton’s (Ticker: EZBC) with 58 BTC.

The total Bitcoin holdings across these ETFs reached 1,073,559 BTC by the end of the week, reflecting a net increase in market value of approximately $2.52 billion, highlighting a week of vigorous trading and substantial capital inflows into the cryptocurrency ETF market.

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

90.9K Reads