BlackRock’s IBIT ETF Hits $513 Million in Daily Inflows as Bitcoin ETFs Reach $107.5 Billion Net Value

Bitcoin ETFs continue to dominate the cryptocurrency investment space, with BlackRock’s IBIT ETF setting a record-breaking $513 million in single-day inflows on November 22. The surge has propelled the total net asset value of Bitcoin Spot ETFs to $107.488 billion, according to data from SoSo Value.

Growing Institutional Investment

Bitcoin Spot ETFs have now recorded five consecutive days of positive inflows, with $490 million added on November 22 alone.

Major Bitcoin holders like MicroStrategy and Metaplanet are further fueling market momentum:

• MicroStrategy: Recently acquired $4.6 billion worth of Bitcoin and raised $3 billion through 0% convertible senior notes due in 2029 to fund additional purchases.
• Metaplanet: Announced plans to raise $11.3 million through a third series of bonds to expand its Bitcoin reserves.

These developments reflect a growing trend among corporations to use Bitcoin as a reserve asset amid rising inflationary pressures and geopolitical uncertainties.

Ethereum ETFs Join the Rally

Ethereum Spot ETFs also rebounded on November 22 after six consecutive days of outflows. BlackRock’s ETHA ETF led the charge with $99.67 million in inflows, contributing to the total of $91.2 million recorded that day.

Cboe to Launch Bitcoin ETF-Linked Options

Cboe Global Markets Inc. is set to launch cash-settled options tied to Bitcoin’s spot price on December 2, based on its ETF Index. These options will provide investors with tools to hedge risks or speculate on Bitcoin price movements.

This follows similar moves by Nasdaq, signaling a broader acceptance of cryptocurrency derivatives in regulated U.S. markets. Players like Grayscale and BlackRock have also entered options trading, further boosting liquidity and institutional participation.

Key Market Highlights

• Bitcoin ETFs now hold 5.33% of all mined Bitcoin, with $4 billion in inflows correlating with significant price peaks in March and November.
• ETF trading volumes surpassed $7.22 billion earlier this month for Bitcoin ETFs, while Ethereum ETFs recorded $295 million in inflows, reflecting institutional demand.
• BlackRock’s Bitcoin ETF is a market leader, with $40 billion in assets under management (AUM), ranking it among the top 1% of global ETFs.

The Bigger Picture

As institutional interest in Bitcoin and Ethereum ETFs continues to grow, these funds are playing a pivotal role in shaping the cryptocurrency market. The increasing adoption of crypto ETFs by major players like BlackRock underscores the mainstream acceptance of digital assets as viable investment instruments.

The ongoing development of derivatives and favorable regulatory environments are further expected to strengthen the role of ETFs in global markets.