Bitcoin ETFs near record $6.2b inflow in US as BTC eyes $100k

A dozen Bitcoin ETFs in the US pulled in $6.2 billion in November, approaching a monthly inflow record as Bitcoin approached $100,000.

Boosted by Bitcoin’s rise toward $100,000 and President-elect Donald Trump’s crypto-friendly agenda, spot Bitcoin exchange-traded funds are on track for their strongest month ever with $6.2 billion in inflows so far in November, Bloomberg reports.

The report states that inflows to ETF issuers such as BlackRock and Fidelity will surpass the previous record of $6 billion achieved in February, and that Bitcoin is approaching the $100,000 milestone.

The capital infusion comes after Trump vowed to reverse the Biden administration’s hardline stance on cryptocurrencies, proposing regulatory changes and a strategic Bitcoin reserve. Analysts interviewed by Bloomberg say these moves, combined with Bitcoin’s recently fueled rally, have increased investors’ confidence in crypto ETFs.

“Under the Trump administration, it is expected to be easier for businesses and pension funds to include Bitcoin in their portfolios.”

Josh Gilbert, market analyst at eToro

Ethereum ETFs outpace Bitcoin in recent inflows

The U.S. Securities and Exchange Commission approved spot Bitcoin ETFs earlier this year, following a regulatory defeat in 2023. SEC Chairman Gary Gensler, a critic of the crypto industry, resigned, while his tenure also saw the approval of Ethereum-linked ETFs. However, the latter had a muted impact on Ethereum’s price compared to Bitcoin’s sharp rise.

Recent data shows that Ethereum-linked ETFs are gaining momentum, outpacing Bitcoin ETFs in inflows during the four trading days before Thanksgiving. Despite this, Bitcoin ETFs continue to dominate with $104.32 billion in total net assets as of November 27, according to SoSoValue.