Bitcoin spot ETFs achieved a record-breaking $6.2 billion in net inflows this November, marking the highest monthly total ever recorded. The surge surpasses the $6 billion inflows seen in February, signaling growing institutional interest in regulated Bitcoin investment products.
The influx coincided with President-elect Donald Trump’s pro-crypto rhetoric, which includes plans to reverse strict regulations and establish a Bitcoin reserve. Following Trump’s electoral win, Bitcoin ETFs experienced their largest single-day inflow of $1.38 billion, with BlackRock’s iShares Bitcoin Trust accounting for more than $1 billion of that total.
ETF Holdings Near Satoshi Nakamoto’s Stash
Spot Bitcoin ETFs now hold nearly 1 million BTC, positioning them as key players in the crypto market. Analysts suggest these ETFs could surpass the estimated holdings of Bitcoin’s creator, Satoshi Nakamoto, by the end of the year.
BlackRock remains a dominant force in the space, with its Bitcoin ETF outpacing traditional gold ETFs in investor demand. Other major firms, including Fidelity and Bitwise, are also benefiting from the growing appetite for Bitcoin as an institutional-grade asset.
Institutional Adoption and Policy Shifts
The momentum behind Bitcoin spot ETFs aligns with optimism about pro-crypto regulatory changes under the incoming administration. Recent approvals for options trading on Bitcoin ETFs by the Options Clearing Corporation (OCC) are expected to open new avenues for institutional investors to hedge and speculate.
Matt Hougan, Chief Investment Officer at Bitwise, highlighted the significance of this shift, stating, “A supportive regulatory environment will bring more institutions into the crypto space, transforming Bitcoin into a mainstream financial asset.”
Featured image from: cointelegraph.com