ETF Boom: U.S. Sees $4.7B Inflows Over Six Days as Bitcoin Becomes World’s 7th-Largest Asset

Bitcoin Reaches Record Highs as ETF Inflows and Pro-Crypto Sentiment Drive Market Momentum

Bitcoin (BTC) continues to make headlines as it ascends to unprecedented levels in both price and market influence.

The leading cryptocurrency has officially overtaken Saudi Aramco to become the world’s seventh-largest asset by market cap. Bitcoin dominance within the crypto market has surged to a remarkable 61.38%, and its price reached an all-time high of $93,000 on Wednesday.

Catalysts Behind the Bitcoin Boom

Several factors are fueling this historic rally:

1. Favorable Regulatory Outlook in the U.S.
   Optimism surrounding pro-crypto policies under President-elect Donald Trump’s administration is driving market confidence. The Republican majority in the House further bolsters hopes for a crypto-friendly regulatory framework.
2. Massive Inflows into Bitcoin ETFs
   U.S.-listed bitcoin exchange-traded funds (ETFs) have seen explosive growth. Over the past six trading days, these ETFs have attracted $4.7 billion in net inflows, with $510.1 million recorded on Wednesday alone. Since their January launch, ETF inflows have reached an astonishing $28.2 billion, according to Farside data.

Analyst Insights on Market Trends

Market experts point to ETFs as the primary driver of the current rally. Analyst Checkmate emphasized that the demand is largely spot-driven, rather than futures-based:

“The Bitcoin ETFs are by far the majority driving force of bitcoin demand right now, soaking up almost all of the selling by Long-Term Holders. CME open interest is not growing meaningfully, reinforcing that this is a spot-driven rally,” they noted on X.

BlackRock’s iShares Bitcoin Trust (IBIT) has been a standout performer, hitting $5 billion in daily trading volume for the first time. Bloomberg’s Eric Balchunas remarked:

“IBIT just saw $5B in volume today for the first time ever. Only a handful of ETFs and stocks saw more action. Its peers are seeing strong volume too but at a smaller scale.”

Ethereum Joins the Momentum

While bitcoin dominates headlines, Ethereum’s ether (ETH) is also experiencing increased interest. Spot ETFs for ETH reported $146.9 million in inflows on Nov. 14, bringing total net inflows to $241.7 million, based on Farside data.

The Road Ahead

As bitcoin’s dominance grows and ETF inflows continue at a rapid pace, the market signals strong institutional confidence in crypto assets. With a favorable regulatory landscape potentially on the horizon, bitcoin’s climb to new milestones—including the highly anticipated $100,000 mark—seems increasingly within reach.