Bitcoin ETFs on record course: Billion-dollar inflows and rising expectations

Bitcoin ETFs are experiencing an unprecedented influx of investments after making their debut this January. On Thursday alone, inflows exceeded the one billion dollar mark. This trend reflects the ongoing enthusiasm for the world's leading cryptocurrency, which continues to target the 100,000 dollar mark. According to data from Farside Investors, BlackRock led the list of inflows with an impressive 608 million dollars. The Fidelity Wise Origin Bitcoin Fund followed with a remarkable 301 million dollars. The Bitwise Bitcoin ETF joined with 68 million dollars. In comparison, the ARK 21Shares Bitcoin ETF remained rather modest with 17.2 million dollars, and the Franklin Bitcoin ETF with 5.7 million dollars. Although the inflows are significant, they have not yet reached the record levels recorded immediately after Donald Trump's re-election. Notably, on November 7, BlackRock's Bitcoin ETF secured 1.12 billion dollars in inflows. Bitcoin itself currently exceeds all expectations and has been at a record high since Trump's re-election. A majority of analysts expect Bitcoin to surpass the 100,000 dollar mark later this month. Even prominent Bitcoin skeptic and financial analyst Jim Cramer has changed his view and now calls Bitcoin a 'winner'. However, this causes concern for some investors who speculate about a kind of 'Inverse Cramer' effect, potentially requiring opposite investment strategies. On Friday, Bitcoin ETFs reached another milestone by surpassing the 100 billion dollar mark in assets under management. According to Eric Balchunas, Bloomberg ETF analyst, Bitcoin ETFs could soon establish themselves as one of the largest holders of the world's leading cryptocurrency by market capitalization, possibly even surpassing the estimated 600,000 to 1.1 million Bitcoin held by Satoshi Nakamoto, the pseudonymous creator of the cryptocurrency. In October, the US Securities and Exchange Commission also approved the trading of options for Bitcoin ETFs. This paves the way for the world's largest asset manager, BlackRock, to launch options for its Bitcoin ETF later this month.