Poised to end the month on a strong note, Bitcoin exchange-traded funds (ETFs) recorded a massive monthly net inflow of $6.2 billion. And with optimism around Bitcoin ETFs still high, indicators are showing signs of more to come in the closing days.
Nate Geraci, president of The ETF Store, shared a brief detail about the surge in an X post that reads, “Spot btc ETFs set to break monthly inflow record…$6.2 billion so far in November. Previous high was $6 billion in February. via @markets”
Expert analysts believe that this influx is driven by President-elect Donald Trump’s pro-crypto agenda. During his campaign, he promised to create supportive legislations towards cryptocurrencies and remove policy bottlenecks enacted by Biden’s SEC.
Furthermore, his declaration of intent to build a strategic Bitcoin reserve and appointing only pro-crypto regulators generated positive market response. The impact of these regulatory optimism is what saw Bitcoin surge to the $100,000 threshold.
And, could there still be more to come?
Anthony Pompliano, founder of Capital Management explained on the TheBigMoneyShow that, “Financial markets love a pro-business President. Investors believe Trump will bring less regulation, cheaper capital, and a stronger economy. We are on the precipice of an economic explosion and you can feel the vibe shift underway.”
Looking towards inflow records, a notable resurgence in inflows was reported by SoSoValue on November 27. The data indicated that 12 spot Bitcoin ETFs collectively attracted $103.09 million in new investments. This influx marked a positive turnaround after two consecutive days of outflows that saw over $561 million withdrawn from these funds.
Leading the charge in inflows was Bitwise’s BITB, which garnered an impressive $48.05 million. Following closely behind was Fidelity’s FBTC, reporting inflows of $40.24 million. Additionally, Grayscale Bitcoin Mini Trust and Franklin Templeton’s EZBC contributed $11.99 million and $2.81 million, respectively.
In addition to these record inflows, Bitcoin ETFs have seen a rapid accumulation of holdings, nearing a collective total of 1 million BTC. Analysts anticipate that by the end of the year, these ETFs could surpass the estimated Bitcoin holdings of its creator, Satoshi Nakamoto.
As founder of Bitinning Kashif Raza noted in an X post that reads, “US spot Bitcoin ETFs, with $107B in assets, are about to surpass Satoshi’s 1.1M BTC by year-end. 👀Even bigger? They might overtake gold ETFs this year.”
If Bitcoin ETFs could manage this feat, it would further solidify the position of as dominant players in the market.
Many other crypto expert share this optimistic sentiment about the value of ETFs to Bitcoin in the near future.
A popular crypto analyst, Hunter Nicholas shared in post on X that, “Bitcoin ETFs now account for over 5% of Bitcoin’s market cap, with institutional adoption accelerating price action. Historically, retail has driven peaks in Bitcoin prices, but ETF data shows a shift toward institutional dominance.”
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