Josh Gilbert, a market analyst at eToro, said that under the Trump administration, it has become easier for companies and pension funds to hold bitcoin as an asset, so they will continue to see money flowing into ETFs. This month, spot bitcoin ETFs from issuers such as BlackRock and Fidelity Investments have attracted $6.20 billion so far in November, after peaking at $6 billion in February, when investors were excited about the products being launched at the start of the year.