Bitcoin ETFs Rise to $104B Amid $150K Price Rally Estimate

CoinMarketCap11-23 04:49

As Bitcoin (BTC) rallied to surpass $98000 yesterday, it also touched a new milestone by crossing $100 billion in assets in US Bitcoin ETFs. The total Bitcoin ETFs stood at $104 billion on November 21...

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In the course of the year, BlackRock's iShares Bitcoin Trust  received $30 billion inflows while Fidelity accounted for more than $11 billion inflows.At the time of writing, Bitcoin was up 0.63% in the last 24 hours to trade at $99","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4594":"比特币ETF概念","BTCW":"WisdomTree Bitcoin Fund","BK4588":"碎股","EZBC":"Franklin Bitcoin ETF","HODL":"VanEck Bitcoin Trust ETF","BITB":"Bitwise Bitcoin ETF","BTCO":"Invesco Galaxy Bitcoin ETF","BITO":"ProShares Bitcoin ETF","FBTC":"Fidelity Wise Origin Bitcoin Fund","BTC":"Grayscale Bitcoin Mini Trust","DEFI":"Hashdex Bitcoin ETF","GBTC":"Grayscale Bitcoin Trust","BRRR":"Valkyrie Bitcoin Fund","BK4601":"加密货币现货ETF"},"translate_title":"比特币ETF价格预计上涨15万美元，升至104B美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HODL":1,"GBTC":1,"FBTC":1,"EZBC":1,"DEFI":1,"BTCW":1,"BTCO":1,"BITB":1,"BTC":1,"BRRR":1,"BITO":1},"content_text":"As Bitcoin (BTC) rallied to surpass $98000 yesterday, it also touched a new milestone by crossing $100 billion in assets in US Bitcoin ETFs.\nThe total Bitcoin ETFs stood at $104 billion on November 21 due to a strong bullish run in the crypto market since Donald Trump won the US election.\nThis bullish run in the market led to BTC price to go beyond $96,000, at first then it went past $98,000 which is a major gain from the point it started trading at the beginning of 2024.\nDue to the ongoing surge, analysts are now suggesting that Bitcoin will rally to $150,000 while it almost reached $100,000 on November 22 end of the day.\nBitcoin ETFs were essential to achieve this milestone as the things started to turn around ever since spot BTC ETFs were launched in January 2024. In the course of the year, BlackRock's iShares Bitcoin Trust (IBIT) received $30 billion inflows while Fidelity accounted for more than $11 billion inflows.\nThese ETFs resulted in Bitcoin nearing the market cap of gold which has $120 billion assets in ETFs. Within a year of its launch, Bitcoin ETFs have covered 82% of the way to cross gold ETFs.\nHowever, analysts like Mike Novogratz from Galaxy Digital have warned of a market correction, saying that BTC could decline to $80,000 in the near future as leverage is high on the crypto community.\nThe BTC price gain has spilled onto companies like MicroStrategy with more than 331,000 Bitcoin holdings. The company is planning to capitalise the surge and raise $3 billion to purchase more tokens. Similarly, companies like Marathon Holdings are investing more on Bitcoin.\n.The trading volume of Bitcoin ETFs has risen to more than $70 billion with Grayscale accounting $20.6 billion of it, while BlackRock has the highest.\nThe recent price gain has also changed BTC correlation with gold which is now at a negative 0.66 because it decoupled from conventional safe haven assets.\nIn contrast, Bitcoin is now more correlated with stocks like Nasdaq and S&P 500 which depicts its growing ties with the equity markets.\nThe price volatility of BTC has touched 60, which means more price swings near the $100,000 level.\nAt the time of writing, Bitcoin was up 0.63% in the last 24 hours to trade at $99,287 while the trading volume declined by 22.05% to touch $80.66 billion and the market cap rose to $1.96 trillion.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2485211179"}