Bitcoin ETFs Near $6.2B Inflow in November as BTC Approaches $100K Milestone

Bitcoin exchange-traded funds (ETFs) in the United States have seen a record surge in inflows this November, attracting a staggering $6.2 billion as Bitcoin’s price nears the $100,000 mark.

Spot Bitcoin ETFs are on track to achieve their strongest month yet, driven by Bitcoin’s rally toward $100,000 and growing optimism around President-elect Donald Trump’s pro-crypto stance. The $6.2 billion in inflows this month is approaching the previous record of $6 billion set in February, according to Bloomberg.

This influx of capital is flowing into Bitcoin ETFs from major issuers such as BlackRock and Fidelity. The continued rise in Bitcoin’s value, combined with Trump’s proposed regulatory changes, is boosting investor confidence in cryptocurrency ETFs.

Trump’s Crypto-Friendly Agenda Sparks Confidence

The inflow of funds follows a promise by President-elect Trump to reverse the Biden administration’s tough stance on cryptocurrencies. His proposed regulatory reforms and the establishment of a Bitcoin reserve are seen as favorable for the market. Analysts have pointed out that these changes, coupled with Bitcoin’s current price surge, are helping to fuel investor interest in crypto ETFs.

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

Ethereum ETFs See Growing Inflows

While Bitcoin ETFs dominate the space, Ethereum-linked ETFs have seen a rise in inflows as well, surpassing Bitcoin ETFs in recent days. Ethereum ETFs have gained momentum, especially during the four trading days leading up to Thanksgiving. However, despite this surge, Bitcoin ETFs still lead with a combined net asset total of $104.32 billion as of November 27, according to SoSoValue.

The approval of spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) earlier this year, following a 2023 legal defeat, has added to the momentum in the Bitcoin market. Meanwhile, the SEC’s approval of Ethereum ETFs has had a more muted effect on the price of Ethereum compared to the significant rise seen in Bitcoin.

As Bitcoin approaches $100,000, the record inflows into Bitcoin ETFs reflect growing investor confidence in the cryptocurrency market and its increasing integration into mainstream financial portfolios.