tl;dr
Bitcoin spot ETFs in the US reached a trading volume of $7.22 billion on November 11, marking the sixth-highest volume day on record. BlackRock’s iShares Bitcoin Trust (IBIT) ETF led with $4.6 billion in trading volume, followed by Fidelity’s FBTC. The surge in trading volume aligns with increased p...
Bitcoin ETFs in the US reached a trading volume of $7.22 billion on November 11, marking the sixth-highest volume day on record. BlackRock’s iShares Bitcoin Trust (IBIT) ETF led with $4.6 billion in trading volume, followed by Fidelity’s FBTC. The surge in trading volume aligns with increased post-election enthusiasm and Bitcoin’s recent price rally. The momentum behind IBIT and other spot Bitcoin ETFs reflects growing institutional appetite for Bitcoin exposure.
Meanwhile, Ethereum ETFs set a new peak on inflow metrics, recording over $295 million in total inflows for the week ending November 10. BlackRock’s Ethereum Trust (ETHA) led with inflows of $101 million, followed closely by Fidelity’s Ethereum Trust (FETH) with $115 million in new capital. The institutional interest in Ethereum ETFs has been steadily growing, with Michigan’s largest public pension fund among the first to allocate funds to Ethereum ETFs, marking a significant step in Ethereum’s journey toward mainstream acceptance.
Bitcoin spot ETFs (exchange-traded funds) in the US hit a multi-month high, reaching a massive $7.22 billion in trading volume on November 11. Meanwhile, Ethereum ETFs set a new peak on inflow metrics, recording over $295 million amid a remarkable surge for crypto-based exchange-traded funds. This marks the sixth-highest volume day for Bitcoin ETFs on record. According to Bloomberg ETF analyst James Seyffart, this represents the highest daily volume since March 14.
The trading volume spike, observed across major Bitcoin ETFs, aligns with increased post-election enthusiasm in the US market. It comes as the crypto community expects favorable regulatory outlooks and broader institutional adoption. The trading activity observed could also be driven by Bitcoin’s recent price rally, which saw it break past $88,000, surpassing silver in market capitalization and making Bitcoin the eighth-largest global asset at $1.736 trillion.
The momentum behind IBIT and other spot Bitcoin ETFs highlights the growing institutional appetite for Bitcoin exposure. BlackRock’s IBIT ETF has consistently attracted substantial trading volumes since its launch, and recent data highlights its pivotal role in leading the market’s Bitcoin ETF growth. Experts caution, however, that while high trading volumes signal strong demand, they can also indicate selling activity.
As Bitcoin ETFs enjoyed a surge in trading volume, Ethereum ETFs have simultaneously broken records for inflows. For the week ending November 10, US-based Ethereum ETFs saw total inflows exceed $295 million, setting an all-time high. BlackRock’s Ethereum Trust (ETHA) led with inflows of $101 million, closely followed by Fidelity’s Ethereum Trust (FETH), which recorded $115 million in new capital.
The recent activity reflects a broader market recovery for cryptocurrency ETFs. Both Bitcoin and Ethereum funds have experienced multi-week highs in trading volume and inflows, driven by optimistic market sentiment. Institutional interest in Ethereum ETFs has been steadily growing. Recent data shows a noteworthy endorsement from Michigan’s largest public pension fund, among other similar entities, marking a significant step in Ethereum’s journey toward mainstream acceptance.
These shifts show a big step forward in the adoption of crypto assets, with more investors starting to include Bitcoin and Ethereum ETFs in their portfolios. This trend is helping cement cryptocurrency’s place as a recognized asset class in institutional finance.