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Money Keeps Pouring into Bitcoin: Sets Record with More Than 3 Billion Dollars - Coin Bulletin
Bitcoin spot ETFs experienced a record level of capital inflows during the past week.
Between November 18-22, a total of 3.38 billion dollars of net inflows occurred, breaking a new record in weekly net inflows. This flow also confirmed seven consecutive weeks of net inflows in Bitcoin spot ETFs.
Strong performance in BlackRock and Fidelity ETFs
Much of the numbers came from the leading Bitcoin spot ETFs in the market. BlackRock's iShares Bitcoin Trust ETF (IBIT) product attracted a net inflow of $2.05 billion in just one week, strengthening its leadership in this field. Fidelity's Fidelity Bitcoin ETF (FBTC) product also achieved a net inflow of $773 million in the same period.
Interest in Bitcoin continues
These strong entries indicate that investors' interest in Bitcoin continues to grow. Spot ETFs provide investors with access to Bitcoin without directly buying it and allow them to enter the market through regulated financial instruments. This intense demand in recent weeks is considered a significant indicator of institutional investors' interest in Bitcoin.