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    Spot Bitcoin ETFs see sixth week of gains, with BlackRock leading the pack

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    Spot Bitcoin exchange-traded funds (ETFs) continue to perform well, marking their sixth consecutive week of gains amounting to $1.67 billion. BlackRock’s iShares Bitcoin Trust (IBIT) experienced record high inflows at $29.3 billion, while Grayscale’s Bitcoin Trust ETF suffered losses totaling $20.3 billion. Spot Ether ETFs also recorded success, reaping weekly gains of $515 million. The continued interest in Bitcoin ETFs, which have attracted nearly $9 billion in investment over the past six weeks, coincides with Bitcoin attaining a significant milestone as it exceeded $90,000 for the first time. Prominent investors are also increasing their stake in these ETFs, signaling a positive outlook.

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    Spot Bitcoin exchange-traded funds (ETFs) are on a winning streak, with another good week as the wider crypto market shot up. From November 11-15, these types of Bitcoin ETFs saw gains of $1.67 billion, making it their sixth week in a row of positive growth, based on data from crypto tracker SoSoValue.

    Now, BlackRock’s iShares Bitcoin Trust (IBIT) has the highest inflows ever at $29.3 billion. Grayscale’s Bitcoin Trust ETF, though, is dealing with losses of about $20.3 billion since these types of Bitcoin ETFs started being traded earlier this year.

    While this type of Bitcoin ETF is doing well, other areas, like spot Ether ETFs, are also seeing success. They’ve seen weekly gains of $515 million, a nice streak of gains over the last three weeks. All told, these Ether ETFs have brought in $682 million over the past three weeks.

    Over the last six weeks, Spot Bitcoin ETFs have brought in nearly $9 billion in investments, according to SoSoValue. This pushed the total value of assets managed by these ETFs to $95.4 billion, or about 5.27% of Bitcoin’s total value of $1.8 trillion.

    This continued interest in Bitcoin ETFs comes as Bitcoin itself accomplished an important milestone – it passed $90,000 for the first time ever on November 12. It also hit an all-time high record of $92,400 the following day.

    One of those increasing their investment in this type of ETF is billionaire investor Paul Tudor Jones. He added on an extra $130 million in BlackRock’s Bitcoin ETF in the last quarter. Now, his total investment in this ETF is worth nearly $160 million, making him the ninth biggest holder of this ETF. Other big investors, like Goldman Sachs, are also adding more Bitcoin ETFs to their portfolios. With all these big names getting involved, things are looking pretty promising for Bitcoin ETFs.

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