Bloomberg: The monthly inflow of the U.S. spot Bitcoin ETF is expected to set a record

Bitget2024/11/29 12:13

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On November 29, due to Trump's support for cryptocurrencies, Bitcoin historically reached $99,588 per coin. Twelve U.S. spot Bitcoin ETFs are about to welcome a record monthly net inflow.

Data compiled by Bloomberg shows that as of November, issuers such as BlackRock and Fidelity Investments have attracted $6.2 billion in funds through their ETFs. The previous peak inflow of $6 billion was set in February this year when investors were excited about the products launched at the beginning of the year.

Bitcoin has more than doubled this year, outperforming global stocks and assets like gold. However, Bitcoin's rise has slowed down this week with smaller currencies like Cardano and XRP trading within a narrow range.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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