Key Highlights
Bitcoin ETFs experienced record net inflows of $21 billion, marking a historic high. Among the standout performers that drove this week’s surge were ARKB and IBIT.
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On Friday, net inflows into US Spot Bitcoin ETFs reached an impressive $21 billion, as demand for these investment vehicles continues to rise. Over the past week, these ETFs have collectively gained more than $2 billion, extending a successful streak to six consecutive days, according to insights from Pharcyde Investors.
On a single day, the Spot Bitcoin ETF, omitting Valkyrie’s BRRR, saw around $273 million in new investments. Leading the influx was ARK Invest’s ARKB, which secured approximately $110 million.
In addition, BlackRock’s IBIT recorded net inflows exceeding $70 million on the same day, followed by notable contributions from VanEck’s HODL, Bitwise’s BITB, Fidelity’s FBTC, and Invesco’s BTCO.
This week, IBIT and ARKB were the top-performing Bitcoin ETFs. Inflows for ARKB surged remarkably, surpassing $100 million on both Thursday and Friday.
A significant portion of the inflows came from IBIT, which boasts over $23 billion in net inflows as of October 18, reinforcing its status as the leading Bitcoin ETF globally.
Thanks to the robust performance recorded on Friday, Bitcoin ETFs enjoyed a week without any negative inflows. Grayscale’s GBTC, often known for its history of outflows, also reversed this trend by gaining over $91 million in net inflows.
Boosting Bitcoin ETF Liquidity: New Options Trading Opportunities
On Friday, the SEC greenlit the NYSE and CBOE’s proposal to introduce options trading on a spot Bitcoin ETF. While a specific launch date is yet to be announced, analysts believe this will enhance access to crypto-related products on major U.S. exchanges.
Nate Geraci, President of ETF Store, is optimistic that implementing options trading for spot Bitcoin ETFs will lead to greater liquidity for Bitcoin. This will attract more market participants and strengthen the entire ecosystem.
“I believe options trading on spot Bitcoin ETF improves overall liquidity,” Geraci said in a recent episode of Thinking Crypto. “This will bring more participants into the market, particularly institutional players. It’s essential for fostering a more robust infrastructure in the Bitcoin ETF space.”
As stated by Geraci, the availability of options trading is significant for institutional investors seeking to hedge against volatile assets like Bitcoin and to implement intricate trading strategies.
Experts indicate that this demand exists both among institutional and retail investors for similar reasons.
“On the retail side, many sophisticated individual investors are also looking to trade options for similar purposes,” Geraci remarked.
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