Bitcoin ETFs See $6.2B Inflows as BTC Nears $100K Milestone

U.S.-based Bitcoin exchange-traded funds (ETFs) are approaching an all-time high with $6.2 billion in November inflows, fueled by Bitcoin’s remarkable rally toward $100,000 and a potentially crypto-friendly shift in regulatory policy. If the pace continues, this month’s inflows could exceed the previous record of $6 billion set in February, according to Bloomberg.

Major ETF providers like BlackRock and Fidelity have been key beneficiaries of this surge, signaling renewed confidence among institutional and retail investors. Bitcoin’s ascent is further supported by policy pledges from President-elect Donald Trump, who aims to dismantle restrictive cryptocurrency regulations imposed by the Biden administration. Trump’s proposals include the establishment of a national Bitcoin reserve, which market analysts believe could further elevate crypto adoption.

“Under a Trump administration, it’s expected to be easier for businesses and retirement funds to include Bitcoin in their portfolios.”
— Josh Gilbert, Market Analyst, eToro

Ethereum ETFs Gain Traction Amid SEC Developments

While Bitcoin ETFs dominate the market with $104.32 billion in combined net assets as of November 27, Ethereum-linked ETFs are gaining momentum. The U.S. Securities and Exchange Commission (SEC) approved both Bitcoin and Ethereum spot ETFs earlier this year, marking a turning point for crypto investment vehicles.

Although Ethereum ETFs saw increased inflows during the four trading days leading up to Thanksgiving, they have not sparked the same dramatic price movements as Bitcoin. The departure of SEC Chair Gary Gensler, a notable critic of the crypto industry, could pave the way for further regulatory clarity and growth in both Bitcoin and Ethereum-linked ETFs.

source