It is day 2 of Donald Trump’s victory and the US Bitcoin spot ETF witnesses a net inflow of $2.001 Billion, within these two days. As of November 07 alone, US Bitcoin spot ETF inflow was $1.38 Billion. Meanwhile, the US Ethereum spot ETF has also seen a total net inflow of $132.03 Million over 2 trading days.
The continued surge in ETFs reflects a positive view of crypto, especially among conventional stock traders who are not deeply involved in the crypto space. Given how prominently crypto has emerged as a key issue in the 2024 U.S. elections, the influx of funds into crypto ETFs signals a promising time for digital assets.
Bitcoin ETF stats as of Nov, 07
When it comes to top record trades of Bitcoin ETF, Blackrock has seen significant activity in its iShares Bitcoin Trust or IBIT with daily net inflows of $1.12 billion. IBIT’s net cumulative inflow amounts to nearly $27.18 billion. Grayscale(GBTC) saw a net daily inflow of $7.31 Million, bringing its cumulative outflow to $20.19 Billion. As of November 7, Fidelity (FBTC) had the second largest inflow of $190.92 Million.
Bitwise and ARK Invest have also seen impressive gains in BTC ETFs, registering an inflow of $13.36 Million and $17.61 Million, respectively.
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Ethereum ETF stats as of Nov, 07
Ethereum ETF has seen a daily net inflow of $79.74M and cumulative total net outflow of $422.63M.
Top daily ETH ETF inflow generator, Fidelity Investments(FETH) had a net inflow of $28.93 Million which contributes to its cumulative net inflow of $538.94 Million, as of November 07.
Blackrock(ETHA) had a net inflow of $23.66 Million which adds up to its cumulative net inflow of $1.38 Billion. Grayscale (ETH) had a net inflow of $5.48 Million, contributing to its cumulative total net inflow of $301.94 Million.
VanEck(ETHV) saw significant gains in ETH ETFs, registering an inflow of $12.71 Million.
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Also Read: Bitcoin ETFs Bring $24.12B As Ethereum ETF Registers Highest Inflow, Amid Trump Win
