Bitcoin rallied 45% to above $99,000 in November as US spot ETFs, led by BlackRock, saw $6.87 billion in inflows.

Bitcoin ETFs saw $135M in outflows, while Ethereum ETFs gained $466M in inflows, reflecting a shift in investor sentiment.

The surge in Ethereum ETF inflows follows the election of Donald Trump as the 47th President of the United States. Along with this momentum, open interest for ETF futures on the Chicago Mercantile Exchange (CME), which targets institutional investors, has reached all-time highs near $3 billion, according to CoinGlass.

Bitcoin came within striking distance of the historic $100,000 mark, reaching $99,645 on November 22. However, the cryptocurrency has since shown signs of hesitation, struggling to push past this milestone.

Investors have flocked to a pair of turbocharged exchange-traded funds to ride the momentum in bitcoin, but they contain hidden risks that aren’t widely understood.The ETFs seek to amplify the daily return of MicroStrategy,