US-based spot Bitcoin ETFs saw $6.46 billion inflows in November, led by BlackRock, as BTC recorded a 45% price rally.
United States investors poured over $6.4 billion into spot Bitcoin exchange-traded funds (ETFs) in November as the BTC market price rallied 45% above the $99,000 level for the first time in history.
A month-long bull run in November resulted in Bitcoin (BTC) prices shooting up from roughly $68,000 to $99,000. Amid bullish sentiments, spot BTC ETFs raked in a combined $6.87 billion, with outflows of $411 million during the month.
According to data from Farside Investors, BlackRock’s iShares Bitcoin Trust ETF (IBIT) brought in $5.6 billion of investments in November, accounting for almost 87% of the total monthly inflows.
