United States investors increased exposure to Bitcoin and Ether ETFs as a strong price rally fueled unprecedented inflows.
Bitcoin’s price surge to nearly $90,000 in early November sparked a massive influx of funds into spot Bitcoin exchange-traded funds (ETFs) in the United States.
On Nov. 6, Bitcoin (BTC) commenced a bull run that catapulted its price from the $69,000 mark to nearly $90,000 in just seven days. The surge in Bitcoin’s price, driven by positive market sentiment and the fear of missing out (FOMO), led both retail and institutional investors to increase their exposure to Bitcoin.
As a result, investments into spot Bitcoin ETFs in the US for the week of Nov. 6–11 amounted to $2.6 billion, according to data sourced by Farside Investors.
