Bitcoin ETFs Set Volume Record as Ethereum ETFs Achieve New Inflow Milestone

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Bitcoin ETFs Set Volume Record as Ethereum ETFs Achieve New Inflow Milestone

In the U.S. market, Bitcoin spot ETFs reached a trading volume of $7.22 billion recorded on November 11, marking the highest level in recent months. This also caught attention as the sixth highest trading volume day on record. According to Bloomberg ETF analyst James Seyffart, this volume represents the highest daily trading amount recorded since March 14. The BlackRock iShares Bitcoin Trust (IBIT) ETF led this increase, followed closely by Fidelity's FBTC ETF, which surpassed the $1 billion mark.

The observed increase in trading volume for Bitcoin ETFs in the crypto market is seen as a reflection of heightened excitement following the U.S. elections. Investors showed activity during the recent rally period of Bitcoin, which surpassed $88,000, alongside positive regulatory expectations. During this process, Bitcoin surpassed silver to become the 8th largest global asset. However, experts warn that high trading volumes may also represent selling activities, suggesting that interpreting this trend in terms of net inflows may take several days.

Ethereum ETFs draw attention with record inflows While the increase in trading volume for Bitcoin ETFs continues, Ethereum ETFs simultaneously broke entry records. As of November 10, the total inflow into Ethereum ETFs exceeded $295 million on a weekly basis, reaching an all-time high.

BlackRock's Ethereum Trust led the way with an inflow of $101 million, while Fidelity's Ethereum Trust (FETH) recorded a new capital inflow of $115 million. Recent data indicates that institutional interest in Ethereum ETFs has reached significant levels.

Notably, the support for Ethereum from Michigan's largest public pension fund is regarded as an important step in the mainstream acceptance of this cryptocurrency. As the market continues to seek stability post-U.S. elections, investors' confidence in Bitcoin and Ethereum ETFs is solidifying the position of these crypto assets in the realm of institutional finance.

Institutional competition between Ethereum and Bitcoin Ethereum has experienced remarkable growth in market capitalization, with a valuation of $209.04 billion on November 5, the day of the U.S. presidential elections, reaching $407.89 billion just a week later. This increase contributed to a 42.07% rise in the value of Ethereum's native cryptocurrency, ETH. Analysts express that spot ETF products provide investors with an attractive way to invest in cryptocurrencies, stating that these products particularly benefit institutional investors who do not wish to enter the crypto market directly.

The increase in Ethereum ETF inflows indicates that many individuals have joined this ecosystem and that institutional investors find Ethereum appealing for long-term investment. This information is significant for individual investors looking to observe the actions of major investors in the crypto market. This trend is having a substantial impact on the broader acceptance of cryptocurrencies and their strengthening as a recognized asset class among financial markets.