The staggering inflow of $1.38 billion into bitcoin ETFs set the record for largest single day inflow so far. According to data from Sosovalue, 8 of the 12 listed bitcoin ETFs saw inflows with Blackrock‘s IBIT grabbing the lion’s share of $1.12 billion.
The $1.12 billion inflow for Blackrock’s ETF was also a first, since the product launched in January bringing its total fund flows to $27 billion.
The huge influx coincided with the US central bank lowering interest rates again and bitcoin hitting a new all-time high just below $77,000 following Donald Trump’s victory in this week’s presidential election.
The day’s other noteworthy inflow was $191 million into Fidelity‘s Bitcoin ETF (FBTC). Additionally, Bitwise, Ark 21shares, and Greyscale experienced modest inflows between $13 million to $20 million.
Ethereum ETFs were not left out of the action. The nine spot Ethereum ETFs experienced significant inflows, totalling $79.7 million. This is the highest inflow for Ethereum ETFs since August 6. The majority of the inflows went to BlackRock (ETHA) with $23.7 million and Fidelity (FETH) with $28.9 million, respectively.
With crypto markets gearing up for a bullish run, more record numbers could be on the way for bitcoin and ethereum ETFs.
