Nov 20
🚨 Bitcoin ETFs Surge Post-Election: $5 Billion Inflows, But Momentum Wanes!
The US presidential election spurred a seismic shift in crypto ETF investments, especially Bitcoin. Spot Bitcoin ETFs saw unprecedented inflows following the election results, though the trend faltered late in the week. Meanwhile, Ethereum ETFs had a record-breaking week, ending in the green for the first time. Here's the full breakdown:
🔥 Bitcoin ETFs Lead the Charge
📈 Post-Election Boom: Investors poured nearly $2.3 billion into BTC ETFs in just three days after the election results.
💸 Monday's Inflow Record: A staggering $1.114 billion inflow on Monday set the tone for the week.
🚀 Total Weekly Gains: Net inflows reached $5 billion, despite pullbacks of $400.7M on Thursday and $239.6M on Friday.
🎯 BlackRock’s IBIT ETF Shines:
7 consecutive days of inflows, totaling $3.4 billion.
Exceeds lifetime inflows of every other 2024 ETF launch (except FBTC).
Now nearing $30 billion in total inflows!
💎 Ethereum ETFs Make History
🌟 Best Week Yet:
Monday: $295.5M inflows.
Tuesday & Wednesday: $135.9M and $146.9M, respectively.
⚠️ Minor Setback: Outflows of $3.2M on Thursday and $41.2M on Friday.
📊 Net Weekly Inflows: $533.9M, marking the first green week for Ethereum ETFs overall.
📊 Price Action Insights
💹 Bitcoin Hits ATH: BTC spiked to $93,800 on Wednesday before pulling back.
📉 Ethereum Peaks: ETH reached $3,500 but retraced to $3,100 by week’s end.
💬 What’s Next for Crypto ETFs? Will BTC and ETH sustain their momentum? Let’s discuss! 🚀👇 Share your thoughts, tip if
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