Inflows into Spot Bitcoin ETFs Reached $6.4B Last Month

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In November, the United States saw a surge in investments into spot Bitcoin exchange-traded funds (ETFs) as the BTC market price reached a record-breaking $99,000 level. This was a result of a month-long bullish trend that saw Bitcoin prices jump from $68,000.

During this time, spot BTC ETFs received a total of $6.87 billion in investments, with $411 million being withdrawn. Farside Investors data shows that BlackRock’s iShares Bitcoin Trust ETF was the main recipient of these investments, bringing in $5.6 billion, which accounted for nearly 87% of the total monthly inflows.

Other notable players that attracted significant investments included Fidelity’s Wise Origin Bitcoin Fund with $962 million, Grayscale’s Bitcoin Mini Trust ETF with $211.5 million, and the VanEck Bitcoin ETF with $71.2 million.

The sustained inflow of funds from both institutions and private investors, paired with the high BTC prices, are expected to support the ongoing bullish trend. Experts and analysts are predicting further positive growth for Bitcoin in the coming months, as it enters a phase of price discovery, creating “insane long opportunities” for traders.