$BTC ETFs See $6.4 Billion in Inflows in November
November was a historic month for $BTC ETFs in the United States, with investors pouring $6.4 billion into spot BTC ETFs.
The surge in inflows coincided with a month-long rally that saw Bitcoin’s price soar by 45%, reaching an all-time high of $99,000.
Data from Farside Investors revealed that BlackRock’s iShares Bitcoin Trust ETF dominated the inflows, accounting for $5.6 billion, or nearly 87% of the total.
Other major contributors included Fidelity’s Wise Origin Bitcoin Fund, which attracted $962 million, Grayscale’s Bitcoin Mini Trust ETF with $211.5 million, and the VanEck Bitcoin ETF at $71.2 million.
The bullish momentum was driven by strong market sentiment, with Bitcoin’s price climbing from $68,000 at the start of November to its record-breaking peak.
Analysts believe the consistent inflow of funds from both institutional and retail investors will sustain the ongoing rally as Bitcoin enters a critical price discovery phase.
Despite the inflows, some ETFs recorded significant outflows, totaling $411 million.
The Grayscale Bitcoin Trust ETF led the losses, with $364 million in outflows, followed by Bitwise Bitcoin ETF at $40.4 million and Valkyrie Bitcoin Fund at $6.8 million.
