The demand for spot Bitcoin exchange-traded funds (ETFs) continues to rise as the cryptocurrency market continues to thrive.
Data from the cryptocurrency tracking platform SoSoValue shows that in the trading week from November 11 to 15, spot Bitcoin ETFs saw $1.67 billion in net inflows.
This marks the sixth week in a row of positive cash flow for these ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) leads the way in total historical inflows, with $29.3 billion accumulated since the start of spot BTC ETF trading in January.
On the other hand, the Grayscale Bitcoin Trust ETF has experienced outflows of $20.3 billion during the same time period. As the spot BTC ETF market continues to show promising growth, other markets such as Ether (ETH) ETFs have also seen an increase in inflows.
These ETFs received $515 million in net inflows during the week of November 11-15, marking three consecutive weeks of positive cash flow. In total, Ether ETFs have attracted $682 million in net inflows over the past three weeks.
