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Bitcoin ETFs record record $6.2 billion in November
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The month of November marked an all-time high for spot Bitcoin ETFs, with net inflows of US$6.2 billion. This is the highest value ever recorded for this type of investment. This number surpassed the previous record of US$6 billionestablished in February this year. The growth highlights the increased institutional interest in cryptocurrencies.
The election of the President of the United States, donald trumpknown for its favorable positioning towards cryptocurrencies, was one of the factors that stimulated the increase in contributions. After Trump’s victory, Bitcoin ETFs saw a record daily inflow of $1.38 billionwith emphasis on the iShares Bitcoin Trust, from BlackRockwhich accounted for more than US$ 1 billion of this total.
Trump’s promise to reverse restrictive regulations on cryptocurrencies and create a Bitcoin reserve generated optimism among institutional investors.
Nate Geraci, president of The ETF Store, highlighted:
Spot Bitcoin ETFs are currently under management for almost 1 million BTCconsolidating itself as important players in the cryptocurrency market. Analysts project that, by the end of 2024, ETFs could surpass the volume of Bitcoins attributed to the cryptocurrency’s creator, Satoshi Nakamoto.
THE BlackRock continues to lead the market, with its Bitcoin ETF surpassing even gold-based ETFs in popularity. Other companies, such as Fidelity and Bitwisealso attracted significant entriesreinforcing the integration of Bitcoin into the traditional financial system.
Regulatory advances, including approvals of the Options Clearing Corporation (OCC)allowed the introduction of options trades on BTC ETFscreating new ways for investors to manage risks and speculate on asset prices.
With the increase in institutional capital and the creation of new financial instruments, Bitcoin is gaining ground as a conventional financial tool, comparable to digital goldleaving behind the vision of a purely speculative asset.
Bitcoin ETFs record record $6.2 billion in November
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Bitcoin ETFs record record $6.2 billion in November
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Bitcoin ETFs record record $6.2 billion in November
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Bitcoin ETFs record record $6.2 billion in November
