Bitcoin ETFs see $6.4 billion inflows in November

-

November was an epic month for Bitcoin ETFs, with U.S. investors pouring in $6.46 billion as Bitcoin jumped by 45%, reaching the historic price of $99,000.

A month of gains

This month-long bull run saw Bitcoin prices jump from around $68,000 to $99,000. Overall, spot Bitcoin ETFs brought in a total of $6.87 billion, even after accounting for $411 million in outflows.

BlackRock’s iShares Bitcoin Trust ETF led the charge, attracting $5.6 billion, and that’s nearly 87% of the total inflows for the month.

Farside Investors

Investor confidence on the rise

Other notable players in the ETF game included Fidelity’s Wise Origin Bitcoin Fund, which brought in $962 million, Grayscale’s Bitcoin Mini Trust ETF at $211.5 million, and VanEck’s Bitcoin ETF with $71.2 million.

The continued influx of funds from both institutional and private investors is expected to keep the momentum going for Bitcoin, with traders predicting insane long opportunities as Bitcoin enters a new price discovery phase.

Of course, not all ETFs were riding high, because three funds contributed to that $411 million outflow.

The Grayscale Bitcoin Trust ETF saw $364 million leave, while Bitwise and Valkyrie recorded outflows of $40.4 million and $6.8 million.

Bull run

The Crypto Fear & Greed Index also reflected strong bullish feelings throughout November, and on November 22, it hit a yearly high of 92, signaling robust, maybe too much optimism among investors.

bitcoin
Alternative.me

As we rolled into December, the index dipped slightly but still indicated extremely positive sentiment.

With such impressive inflows and a rallying Bitcoin price, it seems like the crypto market is gearing up for more excitement, and hopefully, more gains ahead.

Have you read it yet? NFT sales on the rise again


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Japan will re-classify cryptocurrencies from payments to financial products?

Japan is about to shake things up in the crypto industry. The Financial Services Agency is planning to classify cryptocurrencies as financial products, not just...

Kalshi vs. the States, a battle over betting or business

Guys, grab your popcorn because this legal drama is heating up! Prediction market platform Kalshi has stepped into the ring, suing gaming regulators in Nevada...

South Korea stopped Upbit’s ban

Listen, guys, let me tell you a story about South Korea's crypto scene. It's a tale of regulations, lawsuits, and a whole lot of drama....

France’s $27M crypto bet made some noise in the industry

France has just thrown its hat into the crypto ring, big time. Bpifrance, the country’s state-backed investment bank, is launching a €25 million, or roughly...

Most Popular

Guest posts