Bitcoin’s Bullish Rally Drives $6,4 Billion in ETF Inflows in November
The recent bullish rally in the price of Bitcoin drove billion-dollar inflows in November into exchange-traded funds (ETFs) based on the largest cryptocurrency traded on the U.S. market.
With renewed confidence in the market, US investors poured $6,4 billion into spot Bitcoin ETFs last month amid Bitcoin's 45% surge, which saw its price jump to the $99 zone for the first time in history.
In a significant development in the cryptocurrency market, spot Bitcoin ETFs have reached a Marco significant in November. The products recorded $6,4 billion in net inflows. This is the largest monthly inflow since trading began in January. The recent surge in inflows into Bitcoin ETFs broke the previous high of $6 billion, which was recorded in February. The significant increase suggests growing interest from institutional investors in products based on the largest cryptocurrency on the market.
Bitcoin’s November bull run saw its price jump from $68 to $99. Given the current bullish market outlook, BTC-based ETFs have seen total inflows of $6,87 billion, with outflows of $411 million.
Data from the Farside Investors platform revealed that, only the ETF of the giant BlackRock, the iShares Bitcoin Trust, presented a collection of US$ 5,6 billion in investments last month. The amount is equivalent to almost 87% of the total monthly inflows.

O Bitcoin price today 02/12/2024 is showing a notable drop that made the asset return to trading in the US$ 95 thousand zone. Yesterday the asset peaked at US$ 98.145, but did not sustain the level and retracted to the current zone. At the time of publication, the price of Bitcoin was quoted at US$ 95.186,18 with a drop of 2% in the last 24 hours, equivalent to approximately R$ 570.486,91 BRL and € 90.363,16 EUR.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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