The total asset value of the US spot bitcoin ETF hit a record high after six consecutive days of net inflows

The 12 spot bitcoin ETFs in the U.S. have set a record for the highest total net asset value of funds since they were launched in January. The funds currently hold more than $66.10 billion worth of bitcoin, surpassing the previous record of $62.60 billion set in early June. The ETF holds 4.89% of the total bitcoin market cap. The funds experienced the best trading week of inflows since early March, with inflows exceeding $2.10 billion, the fourth best week to date, and maintained inflows for six consecutive days.
The recent rise in bitcoin prices has also helped these funds reach new highs; bitcoin prices have risen by about 12% since October 10 to their current price of more than $68,000, pushing up the value of each ETF. The total value of bitcoin held by these funds has increased by about $11 billion since the close of October 10, the last trading day to record net outflows. BlackRock's IBIT added more than $3 billion in asset value during this period, making it the single fund with the largest increase.