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VisitWhat percentage of Bitcoin supply will be held by ETFs by December 31, 2024?
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Data from CoinShares or other crypto analytics platforms
Bitcoin ETFs Attract Record $3.38B Inflows as BlackRock's Holdings Top 492,623 BTC
Nov 25, 2024, 03:06 PM
Bitcoin exchange-traded funds (ETFs) attracted a record $3.38 billion in net inflows from November 18 to 22, 2024, marking the highest weekly inflow since their launch, according to data from CoinShares. The surge pushed year-to-date inflows to $38 billion, underscoring strong institutional demand as Bitcoin approaches the $100,000 milestone and its market capitalization exceeds $1.9 trillion. BlackRock's iShares Bitcoin Trust (IBIT) led the inflows with $2.05 billion, bringing its total holdings to 492,623 BTC valued at $46.96 billion. Fidelity's Bitcoin ETF contributed $773 million. US Bitcoin ETFs hit a record level of Bitcoin holdings on November 22, absorbing 90% of the selling pressure from long-term holders who sold 128,000 BTC. Notably, Bitcoin ETFs purchased approximately 34,860 BTC during the week, while only 3,150 BTC were mined. The substantial inflows into Bitcoin ETFs highlight growing institutional confidence in digital assets.
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