BTC and ETH ETFs Witness Record Inflows and Outflows Amid U.S. Election Turbulence
The post BTC and ETH ETFs Witness Record Inflows and Outflows Amid U.S. Election Turbulence appeared on BitcoinEthereumNews.com. According to SpotOnChain data, BTC and ETH ETFs saw substantial fluctuations, reflecting investor reactions to the changing U.S. political landscape. The week of November 4 to 8, 2024, marked one of the most volatile periods for Bitcoin (BTC) and Ethereum (ETH) ETFs. Political events, including President Donald Trump’s electoral victory, spurred significant inflows and outflows. ???????? Spot ETF: ????$1.63B to $BTC and ????$154.6M to $ETH????️ Week: 4 to 8 November 2024 ???? The BTC and ETH ETFs have just experienced a volatile trading week, with several top inflows and outflows recorded amid the #USelection and President Trump’s win. ???? Specifically, BTC ETFs… pic.twitter.com/5SKgs3PZ4j — Spot On Chain (@spotonchain) November 9, 2024 Bitcoin ETFs witnessed unprecedented movements during this week, with a net inflow of $1.63 billion into BTC, driven largely by strategic acquisitions from institutional investors. BlackRock’s iShares Bitcoin Trust (IBIT) alone added a remarkable 16,254 BTC, valued at approximately $1.25 billion, propelling its total BTC holdings to 449,967 BTC, worth around $34.4 billion. This increase means BlackRock’s BTC holdings now surpass its gold reserves, marking a shift in asset preference. The week saw a historic fluctuation in Bitcoin ETF flows, with the second-largest recorded outflow on November 4 and the largest inflow ever on November 7. These significant movements highlight the ETF market’s responsiveness to macroeconomic and political shifts, especially as the BTC price hit highs of nearly $80,000 during the trading week. Ethereum ETFs Mirror Volatility, Reflecting Broader Market Implications Ethereum ETFs also experienced turbulent inflows and outflows, albeit on a smaller scale than BTC. Over the week, Ethereum ETFs attracted a net inflow of $154.6 million, with notable entries recorded on November 7 and 8, marking the 3rd- and 4th-largest inflows in ETH ETF history. Despite the strong buying interest, November 4 saw the 7th-largest outflow from…
The post BTC and ETH ETFs Witness Record Inflows and Outflows Amid U.S. Election Turbulence appeared on BitcoinEthereumNews.com.
According to SpotOnChain data, BTC and ETH ETFs saw substantial fluctuations, reflecting investor reactions to the changing U.S. political landscape. The week of November 4 to 8, 2024, marked one of the most volatile periods for Bitcoin (BTC) and Ethereum (ETH) ETFs. Political events, including President Donald Trump’s electoral victory, spurred significant inflows and outflows. ???????? Spot ETF: ????$1.63B to $BTC and ????$154.6M to $ETH????️ Week: 4 to 8 November 2024 ???? The BTC and ETH ETFs have just experienced a volatile trading week, with several top inflows and outflows recorded amid the #USelection and President Trump’s win. ???? Specifically, BTC ETFs… pic.twitter.com/5SKgs3PZ4j — Spot On Chain (@spotonchain) November 9, 2024 Bitcoin ETFs witnessed unprecedented movements during this week, with a net inflow of $1.63 billion into BTC, driven largely by strategic acquisitions from institutional investors. BlackRock’s iShares Bitcoin Trust (IBIT) alone added a remarkable 16,254 BTC, valued at approximately $1.25 billion, propelling its total BTC holdings to 449,967 BTC, worth around $34.4 billion. This increase means BlackRock’s BTC holdings now surpass its gold reserves, marking a shift in asset preference. The week saw a historic fluctuation in Bitcoin ETF flows, with the second-largest recorded outflow on November 4 and the largest inflow ever on November 7. These significant movements highlight the ETF market’s responsiveness to macroeconomic and political shifts, especially as the BTC price hit highs of nearly $80,000 during the trading week. Ethereum ETFs Mirror Volatility, Reflecting Broader Market Implications Ethereum ETFs also experienced turbulent inflows and outflows, albeit on a smaller scale than BTC. Over the week, Ethereum ETFs attracted a net inflow of $154.6 million, with notable entries recorded on November 7 and 8, marking the 3rd- and 4th-largest inflows in ETH ETF history. Despite the strong buying interest, November 4 saw the 7th-largest outflow from…
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