Ever since the US presidential elections in the middle of last week, the spot Bitcoin ETFs had enjoyed a massive demand trend with a couple of $1+ billion inflow days before a slight change in investors\u2019 tactics.<\/p>\n
The spot Ethereum ETFs also had some noteworthy days but ended the week in the red.<\/p>\n
Investors had a cautious approach toward the spot Bitcoin ETFs ahead of the US elections but went on an accumulation spree after the dust settled. As reported<\/a> last week, the net inflows for the three full trading days after it became known that Trump will be the next president were close to $2.3 billion.<\/p>\n The trend continued into this business week, with a whopping $1,114.1 billion entering the funds on Monday. The positive numbers for Tuesday and Wednesday were at $817.5 million and $510.1 million. As such, the total inflows since the elections skyrocketed to nearly $5 billion in about a week.<\/p>\n However, this is where the landscape changed as investors pulled out $400.7 million<\/a> on Thursday and $239.6 million on Friday. Consequently, the business week ended<\/a> with a massive $1,801.4 billion in net inflows, but questions were raised due to the two consecutive days in the red on Thursday and Friday.<\/p>\n Within this timeframe, BTC\u2019s price shot up to $93,800 on Wednesday where it peaked for its latest all-time high and retraced in the following days coinciding with the ETF fund allocations.<\/p>\n The silver lining is that BlackRock\u2019s IBIT, the world\u2019s largest BTC ETF, continues to attract funds with seven consecutive days of net inflows.<\/p>\n Now 7 straight days of inflows for iShares Bitcoin ETF (IBIT)\u2026<\/p>\n Nearly $3.4bil.<\/p>\n For context, that $3.4bil exceeds the *total lifetime* inflows for every other 2024 ETF launch except FBTC.<\/p>\n That\u2019s out of 615 new ETFs.<\/p>\n IBIT now approaching $30bil in total inflows.<\/p>\n Ridiculous.<\/p>\n \u2014 Nate Geraci (@NateGeraci) November 16, 2024<\/a><\/p>\n\n The spot Ethereum ETFs also had a strong week; in fact, their best ever, especially the first three days. In them, the funds saw $295.5 million<\/a> in net inflows on Monday, $135.9 million on Tuesday, and $146.9 million on Wednesday.<\/p>\n Although the trend also reversed on Thursday and Friday, with minor outflows of $3.2 million and $41.2 million, respectively, the week ended<\/a> well in the green. This puts the number for the week at $533.9 million, which now means that the Ethereum ETFs are overall in the green for the first time.<\/p>\n ETH\u2019s price peaked during the week at around $3,500 but has lost about $400 since then and sits at $3,100 now.<\/p>\n The post Solid Week for Bitcoin, Ethereum Funds but Warning Signs Appear: ETF Recap<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ever since the US presidential elections in the middle of last week, the spot Bitcoin ETFs had enjoyed a massive demand trend with a couple of $1+ billion inflow days before a slight change in investors\u2019 tactics. The spot Ethereum ETFs also had some noteworthy days but ended the week in the red. Billions Enter […]<\/p>\n","protected":false},"author":0,"featured_media":21146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21145"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21145"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21145\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21146"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETH ETFs Also in the Green<\/h2>\n