Bitcoin ETF investments made a significant impact in November.

November has been a significant turning point in the Bitcoin market. With Bitcoin showing a record increase of 45% and reaching the level of 99 thousand dollars, spot Bitcoin ETFs in the U.S., led by BlackRock, received a massive investment of 6.46 billion dollars. This development highlights investors' confidence in the cryptocurrency and the ongoing positive trend in the market.

Investor Confidence in Bitcoin Reached Its Peak in November

The extraordinary rise in the Bitcoin market in November increased institutional investors' interest in spot Bitcoin ETFs. The investment moves led by BlackRock reached a total volume of 6.46 billion dollars.

The flagship of the cryptocurrency world, Bitcoin, achieved a historic success last month by rising to the level of 99 thousand dollars with a 45% increase in value. During this process, the intense interest shown by American investors in spot Bitcoin ETFs was noteworthy.

During the upward trend that continued throughout November, Bitcoin's value climbed from 68 thousand dollars to 99 thousand dollars, while spot BTC ETFs experienced an investment inflow of 6.87 billion dollars. However, during the same period, there was also an outflow of 411 million dollars from funds.

According to data released by Farside Investors, BlackRock's iShares Bitcoin Trust ETF reached an investment volume of 5.6 billion dollars, accounting for 87% of total monthly investments. Fidelity's Wise Origin Bitcoin Fund attracted 962 million dollars, Grayscale's Bitcoin Mini Trust ETF drew 211.5 million dollars, and VanEck Bitcoin ETF managed to attract 71.2 million dollars in investments.

On the other hand, some funds also experienced outflows. Grayscale Bitcoin Trust ETF recorded an outflow of 364 million dollars, Bitwise Bitcoin ETF saw an outflow of 40.4 million dollars, and Valkyrie Bitcoin Fund had an outflow of 6.8 million dollars.

The Crypto Fear & Greed Index, which measures investor sentiment, reached a peak of 92 points in November, the highest of the year. Although the index slightly declined at the beginning of December, it continues to maintain its positive outlook.