The total asset value of the US spot Bitcoin ETF reaches a historical high after six consecutive days of net inflows

On October 20, the 12 U.S. spot Bitcoin ETFs set a record for the highest net asset value of the fund since its launch in January. These funds currently hold more than $66.1 billion worth of Bitcoin, surpassing the record of $62.6 billion set in early June.

The value held by ETFs accounts for 4.89% of Bitcoin's total market capitalization. These funds have experienced their best trading week since early March with inflows exceeding $2.1 billion, making it the fourth-best week so far and maintaining inflow status for six consecutive days.

The recent rise in Bitcoin prices has also helped these funds reach new highs; The price of Bitcoin has risen about 12% since October 10, reaching a current price over $68,000, which has increased the value of each ETF.

Since closing on October 10 (the last recorded net outflow trading day), the total value of Bitcoins held by these funds has increased by approximately $11 billion USD. Among them, BlackRock's IBIT saw an increase in asset value exceeding $3 billion during this period, becoming the single fund with largest gain.