Bitcoin spot ETFs see $6.2B inflows in November

Bitcoin (CRYPTO:BTC) spot ETFs recorded $6.2 billion in net inflows for November, surpassing the previous monthly high of $6 billion set in February.

This growth reflects strong investor confidence, driven by regulatory optimism and political shifts.

According to Bloomberg data, the approval of Bitcoin spot ETFs earlier this year catalyzed these record-breaking inflows.

“Spot BTC ETFs set to break monthly inflow record… $6.2 billion so far in November,” stated Nate Geraci, president of The ETF Store.

Investor sentiment has been bolstered by President-elect Donald Trump’s pro-crypto agenda, which includes reversing restrictive policies from the previous administration.

Plans for a strategic Bitcoin reserve and the appointment of crypto-friendly regulators have further supported market dynamics, pushing Bitcoin closer to $100,000.

Spot Bitcoin ETFs experienced their largest single-day inflow of $1.38 billion following the election, with BlackRock’s iShares Bitcoin Trust contributing over $1 billion.

These developments underscore growing institutional interest, as Bitcoin ETFs approach 1 million BTC in holdings, a significant milestone for market integration.

“A pro-crypto regulatory environment will provide air cover for institutional investors who have long wanted to allocate to the space. It’s a game-changer,” said Matt Hougan, Chief Investment Officer at Bitwise.

Predictions suggest Bitcoin could reach $117,000 if current momentum continues.

At the time of reporting, the Bitcoin price was $95,932.45.