Bitcoin ETF Inflows Set to Hit New Monthly High on Positive Investor Momentum
Key Points:
- US Bitcoin ETF inflows are on track for a record monthly high of $6.2 billion in November, driven by increasing investor interest.
- President-elect Donald Trump’s support for crypto-friendly policies, including reversing Biden-era regulations, has fueled optimism in the digital asset market.
US Bitcoin ETFs are on pace for a record month as renewed optimism in cryptocurrencies and a record price jump spur demand.
Read more: Bitcoin Futures Open Interest Surges Past $60 BillionÂ
Bitcoin ETF Inflows at Record High Amid Bull Market
Bitcoin ETF inflows topped 6.2 billion in November so far, according to data compiled by Bloomberg, breaking the prior monthly high in February of 6 billion.
This was highly expected from the industry in light of Bitcoin crossing over $100,000 for the first time after the pro-crypto stance by President-elect Donald Trump, along with promises to roll back the regulatory crackdowns under the Biden Administration and appoint crypto-friendly regulators. The change in political outlook has increased investor confidence, along with Republican support for the US’s strategic Bitcoin reserve.
Data from SoSoValue indicates that US spot Bitcoin ETF inflows reached 103.09 million dollars on Nov. 27. US spot Bitcoin ETFs, which began to trade in January, have gathered 30.38 billion dollars since their inception.
SEC Approves Expanded Crypto ETF Market
The ETF products gained traction after the Commission, led by outgoing Chairman Gary Gensler, allowed them to trade after a court ruling in 2023.
Gensler called the sector volatile and scandal-ridden. His exit and Trump’s expected naming of an advocate for digital assets to the SEC board could pave the way for ETFs linked to other cryptocurrencies. The SEC has already cleared funds linked to Ether, the second-largest cryptocurrency by market capitalization.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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Bitcoin ETF Inflows Set to Hit New Monthly High on Positive Investor Momentum
Key Points:
- US Bitcoin ETF inflows are on track for a record monthly high of $6.2 billion in November, driven by increasing investor interest.
- President-elect Donald Trump’s support for crypto-friendly policies, including reversing Biden-era regulations, has fueled optimism in the digital asset market.
US Bitcoin ETFs are on pace for a record month as renewed optimism in cryptocurrencies and a record price jump spur demand.
Read more: Bitcoin Futures Open Interest Surges Past $60 BillionÂ
Bitcoin ETF Inflows at Record High Amid Bull Market
Bitcoin ETF inflows topped 6.2 billion in November so far, according to data compiled by Bloomberg, breaking the prior monthly high in February of 6 billion.
This was highly expected from the industry in light of Bitcoin crossing over $100,000 for the first time after the pro-crypto stance by President-elect Donald Trump, along with promises to roll back the regulatory crackdowns under the Biden Administration and appoint crypto-friendly regulators. The change in political outlook has increased investor confidence, along with Republican support for the US’s strategic Bitcoin reserve.
Data from SoSoValue indicates that US spot Bitcoin ETF inflows reached 103.09 million dollars on Nov. 27. US spot Bitcoin ETFs, which began to trade in January, have gathered 30.38 billion dollars since their inception.
SEC Approves Expanded Crypto ETF Market
The ETF products gained traction after the Commission, led by outgoing Chairman Gary Gensler, allowed them to trade after a court ruling in 2023.
Gensler called the sector volatile and scandal-ridden. His exit and Trump’s expected naming of an advocate for digital assets to the SEC board could pave the way for ETFs linked to other cryptocurrencies. The SEC has already cleared funds linked to Ether, the second-largest cryptocurrency by market capitalization.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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