On November 7, the net inflow for US spot Bitcoin ETFs reached a historic high of $1.38 billion, marking the highest single-day inflow since inception, primarily benefiting BlackRock's IBIT.
Data from SoSoValue shows that BlackRock's spot Bitcoin ETF alone accounted for $1.12 billion of the total net inflows for the day, a record high, reversing a total outflow of $113.3 million over the previous two days.
IBIT's inflow accounted for over 81% of the total net inflow of $1.38 billion for the 11 US-listed spot Bitcoin ETFs that day.
Following IBIT, Fidelity's FBTC saw the second-largest inflow, totaling $190.92 million, while the previous day, the fund had an inflow leading the ETF at $308.8 million.
Other Bitcoin ETFs contributing to net inflows include:
Grayscale Bitcoin Mini Trust: $20.38 million
ARK and 21Shares' ARKB: $17.61 million
Bitwise's BITB: $13.36 million
VanEck's HODL: $4.34 million
Valkyrie's BRRR: $2.17 million
The remaining four Bitcoin ETFs had zero volume that day.
On November 7, the total trading volume for the 12 spot Bitcoin ETFs reached $2.76 billion, significantly down from the previous day's volume of $6.07 billion.
On November 6, Bloomberg ETF analyst Eric Balchunas noted that following Donald Trump's election victory on November 5, IBIT saw nearly $1.1 billion in trading volume within the first 20 minutes of trading.
Including the inflows on November 7, the total cumulative net inflow for all 12 Bitcoin ETFs since their launch has reached $24.79 billion.
The record inflow coincided with Bitcoin rising 1.89% to a new all-time high, with CoinGecko data showing a peak price of $76,872, which slightly fell back to $76,027 at the time of writing.
In the price discovery phase of Bitcoin, traders expect significant inflows in the coming days.
Cryptocurrency trader The Bitcoin Therapist predicted, “Tomorrow will be another important day.”
Balchunas had predicted a large influx based on volume trends, but he was surprised by the record inflow scale on November 7.
“I told you it could be very large, though I was surprised myself that it would be this big — this is the largest single-day flow for any BTC ETF to date,” Balchunas wrote in a post on X on November 7.
On November 8, Nate Geraci speculated that this influx may partly be due to crypto-native investors shifting from directly holding Bitcoin to holding ETF positions, nearly 10 months after Bitcoin's launch.
