On November 22, 2024, U.S. spot Bitcoin ETFs received a total net inflow of $1.05 billion. BlackRock’s IBIT ETF attracted $608 million, while Fidelity’s FBTC ETF garnered $301 million. During the same period, spot Ethereum ETFs experienced a net outflow of $9 million.
Spot Bitcoin ETFs Show Strong Performance
The interest in U.S. spot Bitcoin ETFs continues to surge among investors. Data from Farside Investors highlights that Bitcoin (BTC) 
$98,267 is outperforming other cryptocurrencies like Ethereum (ETH) 
$3,439 with a one-day inflow of $1.05 billion. BlackRock’s IBIT ETF maintained its leadership by drawing the highest investments during this period, signifying a growing confidence in Bitcoin among both institutional and individual investors.
Nate Geraci, President of The ETF Store, noted that spot Bitcoin ETFs have achieved remarkable financial success with total net inflows exceeding $30 billion. According to Geraci, this volume confirms Bitcoin’s rapid emergence as a robust asset class within traditional finance.
Spot Ethereum ETFs Experience Stagnation
In contrast, spot Ethereum ETFs saw a net outflow of $9 million during the same period. Experts suggest that this outflow may be a consequence of the intense interest in Bitcoin. Ethereum’s decline in the spot ETF market indicates that investors are primarily focusing on Bitcoin, although experts believe this trend will have limited long-term effects on Ethereum’s performance.
The divergence in interest between Bitcoin and Ethereum provides crucial insights into how trends in the cryptocurrency market may develop.
