English | Español | Français
Market Cap: $ 3.26 T 24h Vol: $ 91.34 B BTC Share: 62.52%
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
bitcoinBTC/USD
$ 102,889.57 0.37%
No Result
View All Result
BTCNEWS
  • Bitcoin
  • ETF
  • Prices
  • Exchanges
  • Glossary
BTCNEWS
No Result
View All Result
Home Latest

US Bitcoin ETFs Approach Historic $6.2B Inflow Amid Anticipated $100K BTC Value Rise

Spot Bitcoin ETFs Poised for Strongest Month Ever Amid Rising Crypto Valuations

Mark Valerius by Mark Valerius
November 29, 2024
Share on FacebookShare on Twitter

Key Points

  • Bitcoin ETFs in the U.S. have attracted $6.2 billion in November, nearing a record monthly inflow.
  • Ethereum-linked ETFs are gaining momentum, surpassing Bitcoin ETFs in recent inflows.

Bitcoin exchange-traded funds (ETFs) in the United States are on course for their most successful month to date, with inflows of $6.2 billion recorded in November so far.

This surge in capital is driven by Bitcoin’s ascent towards the $100,000 mark and the forthcoming President-elect Donald Trump’s favorable stance on cryptocurrencies.

Record-Breaking Inflows

ETF issuers such as BlackRock and Fidelity are witnessing these inflows, which are poised to exceed the previous record of $6 billion set in February. The incoming President Trump has promised to reverse the Biden administration’s stringent approach to cryptocurrencies, suggesting regulatory alterations and a strategic Bitcoin reserve.

According to analysts, these measures, coupled with Bitcoin’s recent rally, are boosting investor confidence in crypto ETFs.

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

Ethereum ETFs Gaining Traction

The U.S. Securities and Exchange Commission approved spot Bitcoin ETFs earlier this year following a legal setback in 2023. While outgoing SEC Chair Gary Gensler, a known critic of the crypto sector, is stepping down, his term also saw the approval of Ethereum-linked ETFs.

However, the latter had a muted influence on Ethereum’s price relative to Bitcoin’s sharp increase. Recent data indicates that Ethereum-linked ETFs have been gaining momentum, surpassing Bitcoin ETFs in inflows in the four trading days leading up to Thanksgiving.

Nevertheless, Bitcoin ETFs remain dominant, with combined net assets totaling $104.32 billion as of November 27, according to SoSoValue.

Tags: Bitcoin (BTC)

Related News

spain crypto

Major Spanish Bank Recommends 7% Crypto Investment For Wealthy Clients

June 18, 2025
bitcoin debate

Core Developers Are ‘Risk To Bitcoin’ In Governance Battle, Says JAN3 CEO Samson Mow

June 10, 2025
Interview with 0G Labs’ Michael Heinrich on The Convergence of AI and web3

Interview with 0G Labs’ Michael Heinrich on The Convergence of AI and web3

June 10, 2025
market libra

Argentine President Cleared Of Ethics Violations In $4.5 Billion LIBRA Crash

June 10, 2025
bitcoin
Bitcoin (BTC)
Rank: 1
$ 102,889.57
Price (BTC)
Ƀ1.00000000
Marketcap
$ 2.05 T
Volume
$ 25.72 B
24h Change
0.37%
Total Supply
19.88 M BTC

  • About Us
  • Contact
  • Advertise
X-twitter Telegram Facebook Instagram Youtube Medium Linkedin

Information you can trust

BTCNews.com provides Bitcoin news and other cryptocurrency news, reaching millions of crypto enthusiasts daily.

It offers comprehensive coverage of business, financial, and international news related to digital assets.

Serving professionals through digital platforms, industry conferences, and direct updates, BTCNews.com is a premier provider of blockchain and crypto news.

Disclaimer: The information provided by BTCNews.com is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency investments are highly volatile and involve significant risks.

Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. BTCNews.com is not responsible for any losses incurred due to the use of information provided on this site.

  • © 2008 - 2024 BTCNews.com
  • Terms of Use
  • Privacy
  • Cookies
No Result
View All Result
  • Market
    • Crypto Prices
    • Crypto Exchanges
  • Learn
    • Glossary
  • News
    • Latest

© 2008 - 2024 BTCNews.com