November Sees $6.3 Billion Poured into Bitcoin ETFs
November 2024 marked a record month for Bitcoin ETFs, with $6.3 billion in net inflows, driven by a 45% rise in Bitcoin’s price from $67,000 to $99,000.
The surge was fueled by favorable market conditions, Donald Trump’s re-election, and his pro-crypto stance. BlackRock’s iShares Bitcoin Trust saw the largest share of inflows. With $5.6 billion. While other major funds like VanEck and Grayscale also saw significant investments.
Bitcoin ETFs ended the month with $105.28 billion in total assets, reflecting growing investor confidence and increasing acceptance of these funds as mainstream investment options.
Clever Robot News Desk 3rd December 2024
