Bitcoin ETFs Attract $2.6 Billion Amid Weekly Bull Run as Bitcoin Nears $90,000

According to Cointelegraph: A strong rally in Bitcoin’s price, which pushed it close to the $90,000 mark in early November, has driven unprecedented inflows into U.S. spot Bitcoin ETFs. The week of November 6–11 saw investments in Bitcoin ETFs soar to $2.6 billion, with both retail and institutional investors seeking to capitalize on the bull market and avoid missing out on gains.Record Inflows into Major Bitcoin ETFsLeading the charge was BlackRock’s iShares Bitcoin Trust (IBIT), which pulled in over $2 billion during the week, the highest among the 11 approved spot Bitcoin ETFs in the United States. Other ETFs also saw substantial inflows, including Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $668.3 million, ARK 21Shares Bitcoin ETF (ARKB) with $253.2 million, and Bitwise’s Bitcoin ETF (BITB) with $180 million.Grayscale Achieves Positive Inflows After Long Outflow StreakThe rally also marked a turnaround for Grayscale’s Bitcoin Trust (GBTC), which has previously recorded significant outflows totaling $20 billion. Amid the bull run, both GBTC and Grayscale’s BTC ETF registered net positive inflows, collectively bringing in $219.8 million since November 6, according to Farside Investors.Ether ETFs Witness Record InflowsThe bullish sentiment extended beyond Bitcoin, spilling over to Ether (ETH) ETFs, which recorded the highest daily inflows in their history on November 11, totaling $294.9 million. This influx surpassed the previous record of $106.6 million set on launch day in July. BTC Markets analyst Rachael Lucas noted that “Ethereum is starting to catch a bid,” indicating a shift in investor interest toward ETH after a period of lagging behind Bitcoin.As investor enthusiasm continues to drive the crypto market, Bitcoin and Ether ETFs are cementing their role as key vehicles for U.S. investors seeking exposure to digital assets.