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Bitcoin ETFs Post Record $1.1 Billion Inflow: What Is Going On?

Benzinga ·  Nov 12 08:32

Bitcoin(CRYPTO: BTC) spot ETFs recorded a substantial net inflow of $1.114 billion yesterday, marking an all-time high as the cryptocurrency touched near $90,000 levels on Tuesday morning.

What Happened: BlackRock's Bitcoin ETF (NASDAQ:IBIT) led the charge with a daily turnover of $4.65 billion and a net inflow of $756 million.Fidelity's Bitcoin ETF (CBOE: FBTC) also saw significant traction, bringing in a net inflow of $135 million, according to data fromSoSo Value.

Ethereum(CRYPTO: ETH) spot ETFs mirrored Bitcoin's surge in popularity, reaching a record daily inflow of $295 million on Nov. 11.

Fidelity's Ethereum ETF (CBOE: FETH) brought...

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