PAX Gold (paxg) 
Bitcoin ETFs in the US See Significant Surge in Inflows as Bitcoin Approaches $100K
On November 21, Bitcoin exchange-traded funds (ETFs) in the United States witnessed a substantial influx of $1 billion, marking the fourth consecutive day of inflows, with total inflows exceeding $2.8 billion during this period.
Top Performing Bitcoin ETFs
According to data from SoSoValue, BlackRock’s IBIT led the pack with $608.41 million in inflows, extending its consecutive day streak. Fidelity’s FBTC and Bitwise’s BITB also made significant contributions, reporting inflows of $300.95 million and $68 million, respectively.
Net Positive Flows for Other ETFs
ARK and 21Shares’ ARKB, Grayscale Bitcoin Mini Trust, Franklin Templeton’s EZBC, and VanEck’s HODL reported net positive flows of $17.18 million, $6.97 million, $5.7 million, and $5.56 million, respectively.
Grayscale’s GBTC Experiences Outflows
Grayscale’s GBTC, however, was the sole outlier on the day, reporting outflows of $7.81 million, bringing its total net outflows since its launch to $20.26 billion.
High Trading Volume
Total trading volume for these ETFs stood at $7.1 billion, significantly higher than the $5.09 billion recorded the previous day. BlackRock’s IBIT alone saw a massive $5.22 billion in trading volume.
Analysts Predict Bitcoin’s Price Surge
As Bitcoin surpassed $99,000, setting an all-time high of $99,261, analysts and experts predict that Bitcoin will reach the $100,000 price barrier within the week, driving more investor attention toward Bitcoin ETFs.
“Bitcoin ETFs are already highly popular, and their popularity is likely to grow even further, especially after Bitcoin surpasses $100,000, bringing renewed attention from mainstream media and traders alike.”
— Georgii Verbitskii, founder of TYMIO
Ethereum ETF Outflows Slow Down
Meanwhile, the nine spot Ethereum ETFs experienced a significant drop in net outflows, with $9.05 million in outflows recorded on November 21, compared to $33.47 million the previous trading day.
Regulatory Conditions and Ethereum’s Future
Verbitskii suggested that Ethereum might enter its strongest phase in the future, particularly if regulatory conditions improve, potentially “under a Trump administration.”
Market Update
At press time, Bitcoin was up 1.8% in the last 24 hours, trading at $98,945. Ethereum saw much higher gains of 8.1%, exchanging hands at approximately $3,369.
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