Key takeaways
- Bitcoin ETFs reached a total of $21 billion in net inflows, a record.
- ARKB and IBIT were the best performers, contributing significantly to the week’s gains.
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US Bitcoin spot ETFs hit $21 billion in total net inflows on Friday, as investor appetite for these funds remains strong. According data From Farside Investors, these ETFs collectively earned more than $2 billion this week, extending their winning streak to six consecutive days.
Yesterday alone, Bitcoin spot ETFs, excluding Valkyrie’s BRRR, attracted around $273 million in net buying. ARK Invest’s ARKB led the pack with nearly $110 million.
BlackRock’s IBIT also recorded more than $70 million in net inflows on Friday, followed by VanEck’s HODL, Bitwise’s BITB, Fidelity’s FBTC, and Invesco’s BTCO.
IBIT and ARKB were the best-performing Bitcoin ETFs this week. ARKB saw a surge in receipts, surpassing $100 million on both Thursday and Friday.
Meanwhile, half of the group’s entries came from IBIT. As of October 18, its net inflows have exceeded $23 billion, cementing its position as the world’s leading Bitcoin ETF.
With Friday’s positive performance, Bitcoin ETFs saw their first week without negative inflows. Even Grayscale’s GBTC, known for its historical reputation for capital outflows, bucked the trend with more than $91 million in net inflows.
Bitcoin ETF Options to Deepen Liquidity and Attract More Investors
On Friday, the SEC approved NYSE and CBOE Proposals to List Options for Spot Bitcoin ETFs. While the exact launch date is yet to be determined, ETF experts say the approval will expand market access for cryptocurrency-related financial products on major US exchanges.
Nate Geraci, president of ETF Store, believes that spot Bitcoin ETF options trading will increase liquidity around Bitcoin. ETF, attract more players to the market and thus make the entire ecosystem more robust.
“In terms of the potential impact here, I think think that the options spot Bitcoin ETF trading It is decidedly good. Because all options trading is going to do is deepen the liquidity around spot Bitcoin ETFs,” said Geraci, speaking at a recent episode from Think Crypto. “It’s going to attract more players to the space, I would say especially institutional players. For me, it just makes whole place “The Bitcoin ETF ecosystem is much more robust.”
According to Geraci, options trading is important for institutional investors in hedging and implementing complex strategies, especially with a volatile asset like Bitcoin.
The ETF expert suggests that retail investors, as well as institutional ones, are eager to get into options trading for the same reasons.
“Even when we look at the retail sector, more sophisticated retail investors also want to trade options for the same reason,” Geraci said.
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