Summary
- It was reported that a total of $11 billion flowed into Bitcoin, Ethereum spot ETFs, and MicroStrategy (MSTR) ETFs in November.
- The MSTR Leverage ETF accounted for $3.4 billion, about one-third of the total, reflecting investor optimism about the company's potential earnings.
- The increase in investor demand to expand BTC exposure through ETFs is analyzed as the main reason for this inflow trend.
On the 5th (local time), according to cryptocurrency-focused media CoinDesk, JP Morgan reported that "a total of $11 billion flowed into Bitcoin (BTC), Ethereum (ETH) spot ETFs, and MicroStrategy (MSTR) ETFs in November," noting that "this is the largest monthly inflow on record. Of this, the MSTR Leverage ETF accounted for $3.4 billion, making up one-third of the total."
They further analyzed that "this inflow trend is due to increasing investor demand to expand BTC exposure through ETFs," and noted that "the rising stock price of MSTR reflects investor optimism about the company's potential earnings. The impact of the MSTR Leverage ETF on the cryptocurrency market is also gradually increasing."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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