Bitcoin spot ETFs in the US saw a significant rise, hitting a multi-month high with a trading volume of $7.22 billion on November 11. Meanwhile, Ethereum ETFs set a record with inflows exceeding $295 million, indicating strong institutional interest in crypto-based ETFs.
Bitcoin ETF Trading Volume Hits New Highs
Bitcoin ETFs recorded their sixth-highest daily volume ever, according to Bloomberg analyst James Seyffart. This surge marks the most active trading day since March 14, led by BlackRock’s iShares Bitcoin Trust (IBIT), which accounted for $4.6 billion of the total.
The spike in trading activity comes amid increased optimism in the US market following the election. Investors expect a more favorable regulatory environment, which could support broader institutional adoption of Bitcoin.
Bitcoin’s recent price surge, breaking past $88,000, has fueled this momentum. It pushed Bitcoin’s market cap to $1.736 trillion, surpassing silver and making it the eighth-largest global asset.
Institutional Appetite for Bitcoin ETFs Grows
The momentum behind BlackRock’s IBIT ETF highlights a growing demand for Bitcoin exposure. IBIT has consistently posted high trading volumes, showing significant interest from institutional investors. Data shows that IBIT topped $4 billion in volume for two consecutive days, with a notable inflow of over $1 billion, its largest since launch.
While high trading volumes are a positive sign, experts warn that they could also indicate selling activity. Bloomberg’s Eric Balchunas cautions that it may take several days to understand whether these volumes reflect sustained net inflows.
For now, Bitcoin’s ETF activity points to a strong post-election rally. Investors are closely watching to see if this bullish trend will hold in the coming weeks.
Ethereum ETFs See Record Inflows
Alongside Bitcoin’s strong performance, Ethereum ETFs have also set records. For the week ending November 10, Ethereum ETFs in the US attracted over $295 million in inflows, an all-time high. BlackRock’s Ethereum Trust (ETHA) led with $101 million in new capital, while Fidelity’s FETH Trust followed with $115 million.
This surge reflects a broader recovery for crypto ETFs, driven by growing institutional interest. Recent data indicates endorsements from major players, including Michigan’s largest public pension fund, which became one of the first institutional investors to allocate funds to Ethereum ETFs.
Mainstream Adoption of Crypto ETFs
The increased activity in both Bitcoin and Ethereum ETFs suggests a significant step toward mainstream adoption. As post-election excitement settles, investors are watching for steady interest and new capital inflows. The trend highlights the growing recognition of crypto assets as a legitimate part of institutional portfolios.
Overall, the rising demand for Bitcoin and Ethereum ETFs is helping cement cryptocurrency’s status as an important asset class in the financial world.
