Spot Bitcoin ETFs have reached the largest weekly inflows in their history.
According to SoSoValue, there were net inflows of $3.38 billion into spot Bitcoin ETFs during the week of Nov. 18-22, up 102% from $1.67 billion the previous week.
This record figure represents the largest weekly inflows on record for spot Bitcoin ETFs, and is the seventh consecutive week of positive flows.
The iShares Bitcoin Trust (IBIT), managed by BlackRock, remains the market leader with $48.95 billion in net assets as of Nov. 22 and total inflows of $31.33 billion.
In comparison, the Grayscale Bitcoin Trust ETF has $21.61 billion in net assets, but has recorded outflows of more than $20 billion since its launch.