Bitcoin ETFs in the U.S. experienced unprecedented inflows totaling $1.38 billion on the day following Donald Trump's election victory. BlackRock's IBIT ETF was the standout performer, bringing in $1.1 billion alone, marking its highest inflow since its inception. This surge contributed to a cumulative inflow across all Bitcoin ETFs exceeding $25 billion, with all twelve ETFs experiencing net inflows. Additionally, Ethereum ETFs saw inflows of $78 million as investor confidence in decentralized finance (DeFi) spiked in anticipation of favorable pro-crypto policies under Trump's administration. Bitcoin surged above $76,000, reflecting a nearly 10% increase over the preceding week, bolstered by a recent 25 basis point rate cut from the Federal Reserve, which is perceived as supportive for risk assets like Bitcoin by enhancing liquidity and depressing the dollar.

Source 🔗