New Era

Donald Trump

Bitcoin

<p>In November, <strong>Bitcoin spot ETFs</strong> achieved a historic milestone with $6.2 billion in net inflows, setting a new all-time high. These financial products, designed to offer institutional investors indirect access to <strong>Bitcoin</strong>, have surpassed the previous record set earlier this year, highlighting their growing popularity.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noreferrer noopener nofollow"><img loading="lazy" decoding="async" width="728" height="90" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/Qubetics-is-728x90-1-3.jpg" alt="Qubetics is 728x90 1 3" class="wp-image-28237" title="Bitcoin ETFs Hit Record $6.2 Billion Inflows Amid Growing Demand 55"></a>
 </figure>
</div> 
<h2 class="wp-block-heading" id="record-breaking-inflows-for-bitcoin-etfs">Record-breaking Inflows for Bitcoin ETFs</h2> 
<p>Momentum for Bitcoin spot ETFs, which started with their approval in January, reached new heights in November. According to Bloomberg, these ETFs attracted $6.2 billion in net inflows, breaking February’s previous record of $6 billion. Nate Geraci, president of The ETF Store, remarked, “November saw the highest monthly inflows ever into spot BTC ETFs, surpassing previous records with $6.2 billion in net inflows.”</p> 
<h2 class="wp-block-heading" id="trump-policies-drive-bitcoin-etf-demand">Trump Policies Drive Bitcoin ETF Demand</h2> 
<p>The election of Donald Trump has been a major catalyst for the surge in demand for Bitcoin ETFs. Trump’s promise to reverse the crypto-unfriendly policies of the Biden administration and appoint <strong>crypto-friendly regulators</strong> has bolstered market optimism.</p> 
<p>Additionally, news of the U.S. government’s strategic plan to establish a Bitcoin reserve has brought Bitcoin closer to the $100,000 mark. On the day following the election, Bitcoin ETFs saw $1.38 billion in inflows, demonstrating how quickly investors reacted to the changing landscape. BlackRock’s iShares Bitcoin Trust (IBIT) alone captured over $1 billion in a single day, dominating the market.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img loading="lazy" decoding="async" width="1147" height="963" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/ffff-1.jpg.optimal.jpg" alt="ffff 1.jpg.optimal" class="wp-image-31102" title="Bitcoin ETFs Hit Record $6.2 Billion Inflows Amid Growing Demand 56" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/ffff-1.jpg.optimal.jpg 1147w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/ffff-1.jpg.optimal-768x645.jpg 768w" sizes="(max-width: 1147px) 100vw, 1147px">
 </figure>
</div> 
<h2 class="wp-block-heading" id="etf-holdings-near-1-million-btc">ETF Holdings Near 1 Million BTC</h2> 
<p>The total Bitcoin held by ETFs is approaching 1 million BTC, a figure that could soon surpass the estimated holdings of Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Analysts predict this development will further amplify the influence of ETFs on the crypto market.</p> 
<p>BlackRock’s IBIT has outpaced gold-based ETFs in trading volume, signaling a shift in traditional investors’ interest toward digital assets. Other prominent funds, including Fidelity and Bitwise, have also recorded substantial inflows, underscoring the rising demand for Bitcoin-backed investment products.</p> 
<h2 class="wp-block-heading" id="a-new-era-for-bitcoin-etfs">A New Era for Bitcoin ETFs</h2> 
<p>Trump’s crypto-focused financial policies are expected to pave the way for continued expansion of Bitcoin ETFs. The introduction of Bitcoin ETFs in options markets has provided investors with new tools for managing price volatility. Bitwise CIO Matt Hougan called these advancements “game-changers,” adding, “A crypto-friendly regulatory environment will instill confidence in institutional investors who have long been waiting to enter this space.”</p> 
<p>For the latest updates on Bitcoin ETFs and the evolving crypto market, visit <strong><a href="https://www.turkishnyradio.com/" target="_blank" data-type="link" data-id="https://www.turkishnyradio.com/" rel="noreferrer noopener">Turkish NY Radio</a></strong>.</p>

Bitcoin ETFs Hit Record $6.2 Billion Inflows Amid Growing Demand

Table of Contents

TNYR

Other articles published on Nov 29, 2024

Binance Labs New Investment: What is Kernel?

BTFD Coin: The Meme Coin Roaring Presale You Can’t Miss After Ponke’s Glorious Moment

Polkadot (DOT) and TRON (TRX) Swing High as Bull Run Resumes – Experts Say IntelMarkets (INTL) Mi...

Bitcoin Price Prediction Today: Breakout or Breakdown?

Dogecoin vs. Cardano vs. PropiChain: Cryptos compete to create most millionaires

VanEck Expands Crypto Product Portfolio with New SUI ETN for European Investors

Join our free newsletter for daily crypto updates!