Bitcoin and Ethereum ETFs achieved a record daily trading volume of $11.5 billion, fueled by institutional activity and heightened market volatility. This surge coincided with Bitcoin's price rebound from $80,500 to $85,000, with major players such as BlackRock, Grayscale, and Fidelity significantly contributing to the increased volume.
Despite the high trading activity, Bitcoin ETFs experienced a $3.79 billion outflow in November, while Ethereum ETFs saw $1.79 billion in outflows. In contrast, altcoin ETFs, including the Solana Staking ETF, reported net inflows, indicating a shift towards diversified investment strategies. Notably, BlackRock's IBIT ETF led with a $60.6 million net inflow on November 19, following a period of outflows.
Bitcoin and Ethereum ETFs Reach Record $11.5 Billion Trading Volume
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