Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Donald Trump Also Positively Impacted Bitcoin ETFs: Inflows Exceeded $1.6 Billion in Four Days! Here Are the Details!

Donald Trump Also Positively Impacted Bitcoin ETFs: Inflows Exceeded $1.6 Billion in Four Days! Here Are the Details!

BitcoinsistemiBitcoinsistemi2024/10/17 12:27
By:Elif Azra Güven

US spot Bitcoin and Ethereum ETFs saw significant inflows.

As the probability of Donald Trump winning the US presidential election continues to rise in Polymarket, Bitcoin is also reacting positively to the situation.

As BTC rose above $68,000 in the face of Trump's rising rates, interest in ETFs has also increased and inflows continue to occur.

Bitcoin and Ethereum ETFs Are Seeing Inflows!

According to Farside Investors data, yesterday, October 16, there was a total net inflow of $458.5 million into spot Bitcoin spot ETFs.

Since Friday until yesterday (October 16 inclusive), net money inflows into spot Bitcoin ETFs totaled $1.639 billion, with the total inflows of nine BTC ETFs exceeding $20 billion for the first time since their launch.

With the latest inflows, Bitcoin ETFs saw net inflows for 4 consecutive days, with the largest inflow being to BlackRock ETF IBIT. While BlackRock ETF saw an inflow of $393 million, Fidelity ETF FBTC saw an inflow of $14.8 million.

Looking at other ETFs, Bitwise (BITB) saw $12.9 million in inflows; Ark Invest (ARKB) saw $11.5 million and Franklin Templeton (EZBC) saw $11.8 million.

Bitcoin ETF Flow (US$ million) – 2024-10-16

TOTAL NET FLOW: 458.5

IBIT: 393.4
FBTC: 14.8
BITB: 12.9
ARKB: 11.5
BTCO: 6.4
EZBC: 11.8
BRRR: 1.9
HODL: 5.8
BTCW: 0
GBTC: 0
BTC: 0

For all the data & disclaimers visit: https://t.co/Wg6Qpn0Pqw

— Farside Investors (@FarsideUK) October 17, 2024

Spot Ethereum ETFs also experienced one of the highest inflows in recent days, seeing a net inflow of $24.2 million on October 16.

BlackRock, which made a significant difference to its competitors in Bitcoin ETFs, ranked first in Ethereum. Accordingly, BlackRock experienced an inflow of $ 11.9 million, while only two ETFs other than BlackRock experienced inflows.

Apart from BlackRock's ETHA, Fidelity ETF FETH and VanEck ETF ETHV saw inflows. Other ETFs saw 0 inflows.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

MVLUSDT now launched for futures trading and trading bots

Bitget has launched MVLUSDT for futures trading with a maximum leverage of 20, along with support for futures trading bots, on November 29, 2024 (UTC+8). Welcome to try futures trading via our official website (www.bitget.com) or Bitget APP. MVLUSDT-M perpetual futures: Parameters Details Listing t

Bitget Announcement2024/11/29 11:04

INJ breaks above $30

Cointime2024/11/29 11:00