Bitcoin ETFs See Record $6.2B Monthly Inflows as BTC Nears $100K

Investors are pouring unprecedented amounts of capital into U.S.-based spot Bitcoin exchange-traded funds (ETFs), with inflows hitting a record $6.2 billion in November as Bitcoin (BTC) approaches the $100,000 milestone.

BlackRock Dominates ETF Market

Leading the surge is BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $5.4 billion in November alone, pushing its year-to-date inflows to an impressive $31.6 billion.

Significant inflow spikes included:

• $1.11 billion on November 11.
• $1 billion on November 21, according to SoSoValue data.

Pro-Crypto Sentiment Boosts Demand

The strong demand for Bitcoin ETFs coincides with growing optimism around a pro-crypto agenda spearheaded by President-elect Donald Trump. Trump has pledged to:

• Dismantle existing crypto regulations.
• Establish the U.S. as the global crypto hub.
• Create a Strategic Bitcoin Reserve to bolster digital assets’ integration into the economy.
• Form a crypto advisory council to craft clear and transparent regulatory policies.

These promises, along with Bitcoin’s sustained rally, have propelled the cryptocurrency to a peak of $97,300, nearing the psychological $100,000 threshold.

Bitcoin’s Dominance Over Traditional Assets

Bitcoin’s year-to-date performance has surged +151.5%, significantly outpacing traditional assets like stocks and gold. The surge follows the U.S. Securities and Exchange Commission (SEC)’s approval of spot Bitcoin ETFs earlier this year, spurred by a court ruling.

The departure of SEC Chair Gary Gensler, a vocal crypto critic, in January is anticipated to pave the way for more favorable crypto regulations and the potential launch of ETFs for other digital tokens.

Market Outlook

As Bitcoin continues its climb and institutional interest grows, the ETF market is expected to expand further. Analysts predict that the inflows into Bitcoin ETFs will continue breaking records, driven by favorable market sentiment and pro-crypto policies.