Spot Bitcoin ETFs inflows surge 220% amid options launch
Inflows into US spot Bitcoin ETFs increased by 220% on November 19 compared to the previous day, as Bitcoin hit fresh highs following the announcement of the first Bitcoin ETF trading options. According to SoSoValue statistics, the 12 spot Bitcoin ETFs received net inflows of $816.44 million on Tuesday, more than doubling the inflows recorded on Monday. Interestingly, the strongest inflows of the day came from ARK and 21 Shares’ ARKB, which saw $267.34 million enter the fund, its highest inflow day since debut and exceeding the $200.7 million inflows recorded on March 27.
Fidelity’s FBTC and BlackRock’s IBIT both witnessed strong increases in inflows, pulling in $256.15 million and $216.12 million, respectively. Bitwise’s BITB, Grayscale’s GBTC, and VanEck’s HODL all contributed to the bullish trend, bringing in $52.75 million, $16.19 million, and $7.9 million, respectively.
Data on flows into Grayscale’s Bitcoin Mini Trust were not updated at the time of publication. However, the remaining BTC ETFs stayed neutral throughout the day.
The total trading volume recorded by these ETFs on November 19 was $4.78 billion, up from $3.62 billion the previous day.
The big increase in inflows on Tuesday coincided with Bitcoin reaching a new all-time high of $94,041 after BlackRock, the world’s largest asset management, formally opened IBIT for options trading on Nasdaq. The new options contracts give investors the opportunity to exchange ETF shares at specified prices, allowing them to bet on price changes.
Options contracts on BlackRock’s spot Bitcoin exchange-traded fund saw roughly $2 billion in total exposure traded, potentially pushing Bitcoin to a record high.
Bloomberg analyst Eric Balchunas noted in an X post that the $1.9 billion in trade volume was a record for the first day. He compared this figure to the ProShares Bitcoin Strategy ETF, the first US ETF to offer Bitcoin exposure, which debuted with $363 million. At press time, Bitcoin (btc1.3%) was still up 0.6%, trading at $92,112.
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