Spot Bitcoin exchange-traded funds (ETFs) in the United States saw an all-time high in weekly inflows of $3.13 billion from November 18 to 22. This amazing amount reflects a 102% rise over the previous week’s $1.67 billion, resulting in the seventh straight week of net positive inflows.
This increase in investment reflects the continued excitement surrounding Bitcoin as its price approaches the highly anticipated $100,000 mark. On November 22, Bitcoin reached a new high of $99,655 before falling slightly to roughly $98,459. Investors’ optimism has spurred record-breaking expansion in the ETF sector, with significant contributions from big companies such as BlackRock’s iShares Bitcoin Trust (IBIT), which has net assets of $48.95 billion.
Year-to-date inflows into digital asset investment products have totaled $37 billion, mostly from Bitcoin ETFs. This result greatly outperforms the first-year debut of gold ETFs, which brought in $309 million. However, outflows from European markets have offset the United States’ success, as investors in Germany, Sweden, and Switzerland chose to sell at recent high prices.
While Bitcoin-focused products attracted significant inflows, short Bitcoin investments increased by $10 million, showing that some investors are hedging against potential downturns. Meanwhile, markets in Australia, Canada, and Hong Kong contributed almost $70 million in inflows, indicating a global interest in Bitcoin-related investments.
The enormous increase in Bitcoin ETF inflows demonstrates the crypto market’s maturation and increasing adoption by institutional and retail investors alike. With Bitcoin’s price approaching $100,000, investor expectations remain high, indicating the possibility of more growth in the coming weeks.
