Key Points:
- Bitcoin Spot ETF Inflows reached $622M on Nov. 6, with record turnover.
- BlackRock and Fidelity lead Bitcoin spot ETF inflows and trading volumes.
Bitcoin spot ETF inflows reached $622M on Nov. 6, with a record daily turnover of $6.07B. BlackRock and Fidelity led the market as Ethereum ETFs also saw substantial inflows.
Record-Setting Bitcoin Spot ETF Inflows and Turnover on November 6
A huge inflow into Bitcoin spot ETFs, totaling $622 million, really reflects extraordinary demand for the cryptocurrency market. The surging amount made the record turnover $6.07 billion for that day, its highest since March. BlackRock’s IBIT ETF went on to notch its record at $4.14 billion of daily turnover. Notably, Fidelity’s ETF, FBTC, also contributed to that move with additions of $309 million inflow. This trend underlines growing confidence in Bitcoin’s place within institutional portfolios.
The massive inflows and trading volume reflect the deep-seated hunger for Bitcoin exposure among institutional investors. From BlackRock and Fidelity leading the field, these spot ETFs open up a pathway into safe, regulated Bitcoin set of characteristics that seems to have sharpened investor appetite. Notably, Ethereum spot ETFs posted heavy inflows of $52.3 million, potentially indicating further demand for cryptocurrency exposure. This record day indeed points toward the mainstream attraction and adoption that crypto ETFs get inside traditional finance, according to Sosovalue.
Read more: Bitcoin Spot ETF Outflows Reach Second Highest in History
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Source: Coincu