Investor enthusiasm remains strong as Bitcoin ETFs mark new milestones amid a parabolic price rally.

Record Weekly Inflows for Spot Bitcoin ETFs

United States-based spot Bitcoin exchange-traded funds (ETFs) reached a record $3.12 billion in inflows during the week of November 18–22, according to CoinShares data. This represents a 102% surge from the previous week’s $1.67 billion inflows, making it the largest weekly inflow recorded for spot Bitcoin ETFs.

SoSoValue, a crypto tracking platform, confirmed that this marks the seventh consecutive week of positive flows into Bitcoin ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) continues to dominate, boasting $48.95 billion in net assets and $31.33 billion in cumulative inflows as of November 22. Meanwhile, the Grayscale Bitcoin Trust ETF, with $21.61 billion in net assets, has faced outflows exceeding $20 billion since its inception.

Digital Asset Products Continue to Thrive

CoinShares reported that digital asset investment products have accumulated $37 billion in inflows year-to-date. Bitcoin ETFs have already outpaced the debut of gold ETFs, which attracted just $309 million in their first year of trading.

However, while the United States saw significant inflows, outflows were reported from countries like Germany, Sweden, and Switzerland. CoinShares noted that many investors viewed Bitcoin’s recent price highs as an opportunity to take profits rather than double down on positions.

Hedging Strategies and Global Contributions

Short-Bitcoin products also recorded $10 million in inflows, indicating that some investors are hedging against potential downside risks. Markets in Australia, Canada, and Hong Kong showed optimism, collectively contributing $70 million to Bitcoin ETF inflows.

Bitcoin’s New All-Time High

The surge in ETF inflows coincided with Bitcoin reaching a new all-time high of $99,655.50 on November 22, according to Trading view data. However, the cryptocurrency fell short of the much-anticipated $100,000 milestone, with its price correcting slightly to $98,459.95 at the time of reporting.

The strong performance of Bitcoin ETFs underscores sustained investor confidence in digital assets, even as the market faces profit-taking and volatility.