Spot Bitcoin exchange-traded funds (ETFs) have seen their highest inflow records over the past month. According to SoSoValue data, these bitcoin-backed investment products saw a total inflow of approximately $524 million on November 11th. BlackRock’s IBIT Leads Inflow Record BlackRock’s IBIT led the inflow record with $224.22 million, representing 2,180 BTC. Its total inflow currently sits at $64.55 billion, solidifying its position as the leading Bitcoin ETF issuer in the U.S. Following closely on the list was Fidelity’s FBTC, which raked in $165.86 million, worth 1,610 BTC. Other ETF products that saw inflows were Grayscale’s BTC, Ark & 21Shares’ ARKB, and Bitwise’s BITB. They soaked up ETF flows worth $24.1 million, $102.53 million, and $7.27 million, respectively. Other ETF issuers saw no flows throughout the day. The last time that spot Bitcoin ETFs saw an inflow above $500 million was on October 7th, when they absorbed $875.61 million. A day before, it saw over a billion dollars in ETF inflow. Recall that BTC attained its all-time high (ATH) above $126,000 around that time. This explains the reason behind the record-breaking inflow at the time. Why the Surge in ETF Inflow? Notably, the latest ETF inflow record significantly surpasses that of November 10th, which was a total of inflow worth $1.15 million. The inflow record coincided with news that the U.S. Senate had passed a funding bill to end the 43-day government shutdown. For most of this month, BTC’s price has significantly struggled below the $110,000 price mark. It even tanked below $100,000 at some point. This price volatility affected the spot Bitcoin ETF records, as $1.459 million worth of BTC was pulled out this month alone. At the time of writing, the leading cryptocurrency sold for $104,800. Despite the outflow streak, institutional BTC buyers have continued accumulating the apex coin. One of them is Strategy, which acquired 487 BTC for $50 million. Others have opted to purchase smaller units of bitcoin. The post Bitcoin ETFs Record $524M in Inflow, Highest in the Past Month appeared first on CoinTab News.Spot Bitcoin exchange-traded funds (ETFs) have seen their highest inflow records over the past month. According to SoSoValue data, these bitcoin-backed investment products saw a total inflow of approximately $524 million on November 11th. BlackRock’s IBIT Leads Inflow Record BlackRock’s IBIT led the inflow record with $224.22 million, representing 2,180 BTC. Its total inflow currently sits at $64.55 billion, solidifying its position as the leading Bitcoin ETF issuer in the U.S. Following closely on the list was Fidelity’s FBTC, which raked in $165.86 million, worth 1,610 BTC. Other ETF products that saw inflows were Grayscale’s BTC, Ark & 21Shares’ ARKB, and Bitwise’s BITB. They soaked up ETF flows worth $24.1 million, $102.53 million, and $7.27 million, respectively. Other ETF issuers saw no flows throughout the day. The last time that spot Bitcoin ETFs saw an inflow above $500 million was on October 7th, when they absorbed $875.61 million. A day before, it saw over a billion dollars in ETF inflow. Recall that BTC attained its all-time high (ATH) above $126,000 around that time. This explains the reason behind the record-breaking inflow at the time. Why the Surge in ETF Inflow? Notably, the latest ETF inflow record significantly surpasses that of November 10th, which was a total of inflow worth $1.15 million. The inflow record coincided with news that the U.S. Senate had passed a funding bill to end the 43-day government shutdown. For most of this month, BTC’s price has significantly struggled below the $110,000 price mark. It even tanked below $100,000 at some point. This price volatility affected the spot Bitcoin ETF records, as $1.459 million worth of BTC was pulled out this month alone. At the time of writing, the leading cryptocurrency sold for $104,800. Despite the outflow streak, institutional BTC buyers have continued accumulating the apex coin. One of them is Strategy, which acquired 487 BTC for $50 million. Others have opted to purchase smaller units of bitcoin. The post Bitcoin ETFs Record $524M in Inflow, Highest in the Past Month appeared first on CoinTab News.