Bitcoin ETFs See Influx of $6 Billion in November
Bitcoin exchange-traded funds have attracted over $6 billion in November, with a significant portion coming in on Nov. 21. Farside data reveals that total inflows reached $6.165 billion as of Nov. 21, with IBIT leading at $4.683 billion and FBTC following with $1.050 billion.
Nov. 21 Sees $1 Billion Inflows
On Nov. 21 alone, inflows amounted to $1.005 billion, marking a substantial increase in investment. This surge aligns with Bitcoin’s price rally, with the cryptocurrency hitting $98,200 on Nov. 21 and surging to around $99,500 on Nov. 22.
Institutional Interest Grows Post U.S. Election
The increased investment comes after the U.S. presidential election in November 2024, where Trump emerged victorious. Following the election, Bitcoin’s price surged over 30% to reach $93,400 on Nov. 13, setting new all-time highs in the days that followed.
ETF Inflows Breakdown
| 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 |
| 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 |
Meet the Analyst
Liam ‘Akiba’ Wright
Also known as “Akiba,” Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
