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Bitcoin ETFs bring in over $6 billion in November after another $1 billion day

Tags: digital new
DATE POSTED:November 22, 2024

Bitcoin exchange-traded funds have attracted over $6 billion in November, including more than $1 billion on Nov. 21. Farside data shows total inflows reached $6.165 billion as of Nov. 21, with IBIT leading at $4.683 billion and FBTC following with $1.050 billion.

On Nov. 21 alone, inflows amounted to $1.005 billion, marking a significant uptick in investment. This surge coincides with Bitcoin’s price rally, which saw Bitcoin reach $98,200 on Nov. 21 before surging again early on Nov. 22 to hit around $99,500.

The increased investment comes after the U.S. presidential election in November 2024, where Trump secured victory. Following the election, Bitcoin’s price soared over 30% to hit $93,400 on Nov. 13, setting new all-time highs on subsequent days.

The substantial inflows into Bitcoin ETFs reflect growing institutional interest in digital assets ahead of the regime change in January.

Date IBIT FBTC BITB ARKB BTCO EZBC BRRR HODL BTCW GBTC BTC Fee Total 04 Nov 38.4 -169.6 -79.8 -138.3 0.0 -17.6 -5.7 -15.3 0.0 -63.7 -89.5 0.25 -541.1 05 Nov -44.2 -68.2 19.3 -12.5 0.0 -6.0 -1.3 -3.9 0.0 0.0 0.0 0.25 -116.8 06 Nov -69.1 308.8 100.9 127.0 0.0 0.0 -2.6 17.2 0.0 30.9 108.8 0.20 621.9 07 Nov 1119.9 190.9 13.4 17.6 0.0 0.0 0.0 4.3 0.0 7.3 20.4 0.21 1373.8 08 Nov 206.1 33.5 23.0 0.0 0.0 17.8 0.0 13.0 0.0 0.0 0.0 0.25 293.4 11 Nov 756.5 135.1 42.7 108.6 8.7 10.1 0.0 0.0 0.0 24.2 28.2 0.19 1114.1 12 Nov 778.3 37.2 0.0 -5.4 0.0 0.0 0.0 10.1 0.0 -17.8 15.1 0.25 817.5 13 Nov 230.8 186.1 12.3 14.5 0.0 0.0 0.0 5.1 0.0 0.0 61.3 0.20 510.1 14 Nov 126.5 -179.2 -113.9 -161.7 0.0 0.0 0.0 2.5 0.0 -69.6 -5.3 0.25 -400.7 15 Nov 0.0 -175.1 -7.4 -108.6 0.0 0.0 -1.7 -7.7 0.0 -22.5 -47.0 0.20 -370.0 18 Nov 89.3 60.0 24.4 13.2 0.0 0.0 0.0 7.7 0.0 5.8 54.4 0.25 254.8 19 Nov 216.1 256.1 52.8 267.3 0.0 0.0 0.0 7.9 0.0 16.2 13.1 0.25 829.5 20 Nov 626.5 133.9 9.2 3.8 0.0 0.0 0.0 0.0 0.0 0.0 – 0.15 773.4 21 Nov 608.4 301.0 68.0 17.2 0.0 5.7 0.0 5.6 0.0 -7.8 7.0 0.25 1005.1 Total 4683.5 1050.5 164.9 142.7 8.7 10.0 -11.3 46.5 0.0 -97.0 166.5 3.15 6165.0

The post Bitcoin ETFs bring in over $6 billion in November after another $1 billion day appeared first on CryptoSlate.

Tags: digital new