Spot Bitcoin ETFs Set to Achieve Record Monthly Inflows
Reports indicate that the spot Bitcoin exchange-traded funds (ETFs), consisting of 12 funds, are poised to achieve record net inflows for the month, fueled by Bitcoin's historic rise toward the $100,000 mark. This surge follows President-elect Donald Trump's announcement of a more lenient approach toward cryptocurrencies.
According to sources, Bitcoin ETFs—such as those managed by BlackRock and Fidelity Investments—have already attracted approximately $6.2 billion in cash inflows this November, surpassing the previous high of $6 billion reached in February. The market has experienced substantial momentum this month, driven by optimism around the launch of these products earlier in the year.
This influx of capital has supported Bitcoin, which has now neared the $100,000 threshold for the first time. The rally is further propelled by Trump's pledge to ease strict regulations on cryptocurrencies and foster a more favorable regulatory environment. Additionally, the elected president advocates for the creation of a U.S. strategic Bitcoin reserve, a move that could significantly enhance the growth prospects for the digital asset.
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