YEREVAN (CoinChapter.com) — Bitcoin ETFs recorded $1.67 billion in weekly inflows for the buying and selling interval of November 11–15, sustaining a six-week streak of constructive exercise. These investments pushed the whole property underneath administration (AUM) for spot Bitcoin ETFs to $95.4 billion, representing 5.27% of Bitcoin’s $1.8 trillion market capitalization, as reported by SoSoValue.

Spot Bitcoin ETFs Profit From Rising Costs

Bitcoin ETFs have gained traction as Bitcoin’s price surpassed $90,000 for the primary time on November 12 and climbed to a brand new excessive of $92,400 on November 13. This price momentum contributed to elevated inflows, as institutional and retail buyers sought publicity to the cryptocurrency via regulated merchandise.

Institutional buyers additionally play a pivotal function in driving this demand. BlackRock’s iShares Bitcoin Belief (IBIT) lead the pack, with cumulative historic inflows reaching $29.3 billion. Conversely, the Grayscale Bitcoin Belief ETF has seen a decline in investor curiosity, as preferences shift towards newer ETF choices.

Institutional Buyers Enhance BTC ETF Publicity

Notably, large-scale institutional buyers have considerably elevated their holdings in spot Bitcoin ETFs. Hedge fund supervisor Paul Tudor Jones emerged as one of many high IBIT shareholders, with reported holdings of practically $160 million, in accordance with his newest 13F-HR submitting. Jones added $130 million price of IBIT shares within the third quarter, making him the ninth-largest IBIT shareholder.

Equally, Goldman Sachs additionally expanded its Bitcoin ETF publicity by 71%, growing its complete holdings to $710 million. As well as, different vital institutional buyers embrace Millennium Administration and IMC Chicago, highlighting the rising enchantment of Bitcoin ETFs amongst conventional monetary entities.