Bitcoin ETFs record $621 million inflow amid rare BlackRock outflow following US election

Share This Post

Major asset management firms reported significant inflows in their Bitcoin ETFs following Donald Trump’s victory in the 2024 US presidential election. On Nov. 6, Fidelity’s FBTC saw an inflow of $308.8 million, while BlackRock’s IBIT experienced an outflow of $69.1 million. Grayscale’s GBTC and BTC recorded an inflow of $30.9 million and $108 million, respectively, reversing previous outflows.

Bitcoin’s price surged to a new all-time high of $76,400, breaking its previous record twice since the election. This price increase coincided with the substantial ETF inflows, suggesting renewed institutional interest. Ark’s ARKB reported an inflow of $127 million, and Bitwise’s BITB gained $100.9 million on the same day.

The shifts in ETF holdings reflect a complex market response. Companies like Valkyrie and VanEck also reported changes in their Bitcoin ETF positions. Valkyrie’s BRRR had a slight outflow of $2.6 million, while VanEck’s HODL saw an inflow of $17.2 million.

The post Bitcoin ETFs record $621 million inflow amid rare BlackRock outflow following US election appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Open Interest Climbs 13% From Recent Low — Bull Run Restart?

After a torrid start to the week, the price of Bitcoin appears to be finally stabilizing and building some bullish momentum On Friday, March 14, the flagship cryptocurrency demonstrated this growing

ETF Weekly Recap: Bitcoin ETFs Lose Almost a Billion Dollars in 5th Successive Week of Outflows

Bitcoin ETFs experienced a net outflow of $9388 million, marking the fifth consecutive week of the outflow trend Similarly, ether ETFs also faced a net outflow of $17843 million, extending their

Is Bitcoin Peak In? This Data Suggests Otherwise, Analytics Firm Says

An analytics firm has explained how the data related to the stablecoins could hint at whether the Bitcoin market top is in or not Stablecoins Have Seen Their Market Cap Touch New Highs Recently In a

A data-driven look at the state of DeFi

The following is a guest post from Vincent Maliepaard, Marketing Director at IntoTheBlock DeFi has emerged as one of the most successful niches in the cryptocurrency industry, pioneering innovative

TRX Short Sellers Face $2M Liquidation, Will Bulls Step In?

The post TRX Short Sellers Face $2M Liquidation, Will Bulls Step In appeared first on Coinpedia Fintech News As the overall cryptocurrency market begins to recover, Tron (TRX) appears bullish, with

Bitcoin Reserve War: Congressman Fights Trump’s Crypto Plans

A Democrat lawmaker has opposed US President Donald Trump’s plan to increase the government’s Bitcoin holdings by creating a strategic reserve House Rep Gerald E Connolly of Virginia urged