30s Summary

Bitcoin-linked Exchange-Traded Funds (ETFs) in the US saw record weekly deposits of $3.38 billion during Nov 18-22, more than double the previous week. Blackrock’s iShares Bitcoin Trust remains the leader, valued at $48.95 billion as of Nov 22. Despite a good year for digital assets, with $37 billion in inflows, the Bitcoin price fell short of the anticipated $100,000 mark, currently trading around $98,459.95.

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There’s an uptick in investor interest in Bitcoin in the US. Exchange-Traded Funds (ETFs) linked to Bitcoin recorded their highest ever weekly deposits. During the week from Nov 18-22, they saw an influx of $3.38 billion, more than double compared to the previous week.

When we talk about these Bitcoin-linked ETFs, Blackrock’s iShares Bitcoin Trust is still on top with a whopping $48.95 billion in total worth as of Nov 22. Another contender, the Grayscale Bitcoin Trust ETF, even though it has $21.61 billion in total worth, has had more outflows than inflows since it started.

When it comes to digital asset investments, this year has seen a great run with $37 billion in inflows. Most of this was thanks to Bitcoin ETFs which pulled in much more compared to gold ETFs which only grabbed $309 million in their first trading year.

Bitcoin even touched a new high of almost $100,000 before falling back slightly. But even with this high, it couldn’t quite reach the anticipated $100,000 mark. The current trading price is sitting around $98,459.95.