Bitcoin’s price action has historically benefited from economic concerns and issues in the banking industry.
Spot Bitcoin exchange-traded funds (ETFs) saw their fourth-best week of investments, while China-based ETFs suffered their biggest week of outflows in history, flashing another positive sign for global Bitcoin adoption.
United States-based spot Bitcoin (BTC) ETFs recorded a cumulative $2.42 billion worth of inflows during the trading week of Nov. 18–22, marking their fourth-largest week since they debuted for trading in January, Dune data shows.
The growing Bitcoin ETF inflows come two weeks after Donald Trump won the 2024 presidential election, catalyzing Bitcoin’s price rally, which resulted in a record monthly candle of over 40%, as BTC breached $99,000 for the first time.
