United States-based spot Bitcoin and Ethereum exchange-traded funds (ETFs) experienced their first outflows since Donald Trump's election, with a total net outflow of $400.7 million on November 14. Bitcoin fell 2% on this day, trading at $88,200. The iShares Bitcoin Trust ETF was the only fund with significant inflows, totaling $126.5 million, while other funds like Fidelity’s and ARK’s saw substantial outflows. This marks the end of a streak of inflows for the ETFs that began after Trump’s election, which had previously sparked a crypto rally. Similarly, Ethereum ETFs also reported their first net outflow since the election, with a recorded outflow of $3.2 million. Following Trump's victory, the crypto market felt a buoyed optimism due to his pro-crypto stance, which had fueled a nearly $800 million inflow run for Ether since early November.

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