Bitcoin ETFs see third straight day of inflows as BTC clocks new ATH

Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of inflows on Nov. 20, with $773.47 million entering the funds as Bitcoin reached a new all-time high of over $97K.

According to data from SoSoValue, the cumulative inflows into U.S. Bitcoin ETFs over the past three trading days surpassed $1.8 billion. The momentum comes amid growing optimism surrounding Bitcoin’s future, particularly as regulatory clarity seems to be improving under the upcoming administration of President-elect Donald Trump, who has vowed to position the United States as the “crypto capital of the planet.”

BlackRock leads the BTC ETF pack

The lion’s share of Nov. 20 inflows went to BlackRock’s IBIT ETF, which attracted $626.52 million in a single day. With this latest boost, BlackRock’s IBIT has now achieved cumulative net inflows exceeding $30 billion, solidifying its status as the dominant player in the Bitcoin ETF market.

Other ETFs also saw notable contributions. Fidelity’s FBTC ETF recorded $133.94 million in inflows, while ARK and 21Shares’ ARKB and Bitwise’s BITB saw more modest inflows of $9.25 million and $3.77 million, respectively.

While data on Grayscale’s Bitcoin Mini Trust remains unavailable, other Bitcoin ETFs stayed neutral on the day. Total trading volume for Bitcoin ETFs reached $5.71 billion on Nov. 20, marking a sharp increase from $4.78 billion the previous day.

Bitcoin climbs toward $100K

Bitcoin’s price surged during Asian trading hours on Nov. 20, reaching a high of $97,836. The cryptocurrency has more than doubled in value this year and has seen a remarkable 40% increase in just the two weeks since Trump’s election victory.

Investors are optimistic that Trump’s pro-crypto stance and the influx of digital asset-friendly lawmakers in Congress could catalyze a golden era for the industry.

Since the election, U.S.-listed Bitcoin ETFs have attracted over $4 billion in inflows. BlackRock’s IBIT options also made a strong debut this week, with call options—indicating bullish bets on Bitcoin’s price—outpacing puts.

Ethereum ETFs face outflows

In stark contrast to Bitcoin’s bullish momentum, spot Ethereum ETFs recorded their fifth consecutive day of outflows on Nov. 20, with $30.29 million exiting the funds. Fidelity’s FETH led the outflows, shedding $30.75 million, while Grayscale’s ETHE followed with $16.29 million in outflows, bringing its cumulative losses since launch to $3.29 billion.

Interestingly, BlackRock’s ETHA ETF bucked the trend, managing to attract $16.74 million in inflows, while the rest of the Ethereum-focused ETFs remained neutral.

At press time, Bitcoin (BTC) was still up 5.6% in the last 24 hours, trading at $97,659. Ethereum (ETH), however, was trading sideways and was valued at approximately $3,107.