US investors invested $6.4B in spot Bitcoin ETFs in November. Bitcoin's price surged by 45%, surpassing $99,000 for the first time. The bull run pushed Bitcoin from $68,000 to $99,000, with spot ETFs earning $6.87B.
According to Farside Investments, BlackRock's iShares Bitcoin Trust ETF led the surge. Blackrock's ETF garnered $5.6B, 87% of total inflows. Other top performances were Fidelity's Wise Origin Bitcoin Fund ($962M), and Grayscale's Bitcoin Mini Trust ETF ($211.5M). VanEck Bitcoin ETF also performed well with an inflow of $71M). However, Some funds experienced outflows. Grayscale Bitcoin Trust ETF, Bitwise Bitcoin ETF, and Valkyrie Bitcoin Fund all suffered outflows of $364M, $40.4M, and $6.8M, respectively.
The Crypto Fear & Greed Index reached a yearly high of 92 on November 22, showing strong optimistic sentiment. Analysts expect "insane long opportunities" as Bitcoin enters the price discovery phase.
Despite a modest decline, the index remained positive in early December. BTC has stabilized into sideways trade at nearly $96,000, indicating that investor confidence remains strong. On top of BTC ETFs' new record, ETH ETFs have started to pick up the pace too. Everything seems to point to a happy Christmas for the crypto community.
