Bitcoin's price skyrocketed to nearly $90,000 in early November, igniting a surge in spot Bitcoin ETF investments in the US. From Nov. 6-11, these ETFs saw a whopping $2.6 billion in inflows, driven by bullish market sentiment and FOMO. BlackRock's iShares Bitcoin Trust led the pack, attracting over $2 billion. Fidelity, Bitwise, and ARK also saw significant investments. Even Grayscale's Bitcoin Trust, typically known for outflows, recorded positive inflows. The excitement spilled over to Ether ETFs, which hit a record $294.9 million in daily inflows on Nov. 11.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.