BTC ETFs Inflows Propel Price to Almost $90,000

Bitcoin’s price surge to nearly $90,000 in early November drove a massive flow of funds into U.S. spot Bitcoin exchange-traded funds (ETFs). On Nov. 6, Bitcoin started a bull run, skyrocketing from $69,000 to nearly $90,000 within a week. The surge, fueled by positive market sentiment and fear of missing out (FOMO), led retail and institutional investors alike to increase their Bitcoin exposure. As a result, investments into spot Bitcoin ETFs in the U.S. for the week of Nov. 6–11 reached $2.6 billion, according to Farside Investors. Of the 11 U.S. spot BTC ETFs, BlackRock’s iShares Bitcoin Trust attracted the