Analysis Crypto by Thebittimes.Com

The BlackRock Bitcoin ETF (exchange-traded fund) recorded a new daily trading volume record as Polymarket odds of BTC reaching $100K by the end of the year surge. BlackRock’s IBIT fund generated $4.5 billion in daily trading volumes yesterday, according to a Nov. 11 post on X by Bloomberg ETF analyst Eric Balchunas. BlackRock Bitcoin ETF Leads $1.1 Billion Inflows IBIT not only experienced a surge in trading activity, it also recorded the most inflows of the US spot Bitcoin ETFs on Nov. 11. During yesterday’s session, the asset management titan’s ETF saw $756.5 million enter its reserves, according to Farside Investor data . This is more than half the $1,114.1 million inflows the funds recorded collectively on the day. Fidelity’s FBTC registered the second highest inflows after investors sent $135.1 million to the fund. Trailing behind FBTC is ARK and 21Shares’ ARK, which saw net inflows of $108.6 million. Bitwise’s BITB, Invesco’s BTCO...

Spot Ethereum ETFs (exchange-traded funds) recorded $4.9 million inflows yesterday after Grayscale’s Ethereum Trust ended its negative streak and as CoinShares says investors favored ETH funds over BTC investment products in the recent market rebound. Data from SosoValue shows the 9 spot Ethereum ETFs recorded inflows yesterday after suffering negative flows for 3 consecutive days. Meanwhile, Grayscale’s Ethereum Trust (ETHE) logged zero flows for the first time since its conversion into an ETF, bringing an end to 14 days of outflows. VanEck’s Fund is the Only One Among the Spot Ethereum ETFs to Record Outflows VanEck’s ETHV was the only spot Ethereum ETF to experience negative flows on Aug. 12. ETHV recorded outflows for the first time since July 23 after $2.92 million left its reserves. During the same period, Fidelity’s FETH posted $3.98 million in net inflows, while Franklin’s EZET saw approximately $1.01 million in inflows yesterday. Bitw...