Donald Trump

Bitcoin

Spot

Spot Bitcoin exchange-traded funds in the U.S. recorded $621.9 million in net inflows on Nov. 6 as Bitcoin reached an all-time high of over $76,000.
According to <a href="https://sosovalue.com/assets/etf/us-btc-spot" target="_blank" rel="noopener noreferrer nofollow">data </a>from SoSoValue, the 12 spot Bitcoin ETFs saw net positive inflows on Monday, breaking a three-day outflow streak in which $712.9 million exited the funds.
Fidelity’s spot Bitcoin ETF, FBTC, led the inflow surge with $308.77 million added to its holdings, breaking a four-day inflow streak. ARK 21Shares’s ARKB, Grayscale Bitcoin Mini Trust, and Bitwise BITB assisted with inflows of $127 million, $108.81 million, and $100.92 million respectively.
Grayscale’s GBTC and VanEck’s HODL brought in more modest inflows of $30.91 million and $17.18 million respectively.
In contrast, BlackRock’s flagship iShares Bitcoin Trust encountered outflows of $69.11 million, diverging from the positive momentum seen across most spot Bitcoin ETFs. The largest bitcoin ETF in terms of net assets held has seen over $26 billion in total net inflows since the launch day.
Bloomberg ETF analyst Eric Balchunas <a href="https://x.com/ericbalchunas/status/1854281747082477696" target="_blank" rel="noopener noreferrer nofollow">highlighted </a>that IBIT experienced its highest trading volume ever on Nov. 6, with over $4.1 billion in daily trades, surpassing major stocks like Berkshire Hathaway, Netflix, and Visa. IBIT rose 10% on the day, marking its second-best performance since launch.
You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitcoin-crypto-stocks-surge-as-harris-congratulates-trump/"> Bitcoin, crypto stocks surge as Harris congratulates Trump </a>
Other Bitcoin ETFs similarly saw trading volumes double compared to their average, making it one of their strongest days since January noted Balchunas in a follow-up <a href="https://x.com/EricBalchunas/status/1854282107818021162" target="_blank" rel="noopener noreferrer nofollow">post</a>.
The significant net inflows into Bitcoin ETFs occurred amid a bullish period for Bitcoin which set a new all-time high of $76,240 on Nov. 6.
Bitcoin’s price rally came shortly after pro-crypto Donald Trump was <a href="https://crypto.news/who-will-be-the-next-sec-chair-trump-elected/" target="_blank" rel="noopener noreferrer nofollow">elected as the next president</a> of the United States, securing more than 270 Electoral College votes and a majority in the popular vote. Although some ballots remain uncounted, Trump has been declared the winner.
Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) has since slightly pulled back to $74,721, as per data from crypto.news. Analysts suggest that Trump’s election, coupled with his anticipated pro-crypto policies, may <a href="https://crypto.news/bitcoin-crypto-stocks-surge-as-harris-congratulates-trump/" target="_blank" rel="noopener noreferrer nofollow">drive growth </a>not only for Bitcoin but also for other digital assets.
In 2024, several asset managers have filed with regulators to list ETFs holding alternative cryptocurrencies such as<a href="https://crypto.news/the-success-of-a-solana-etf-relies-heavily-on-trump-election-outcome-analyst-says/" target="_blank" rel="noopener noreferrer nofollow"> Solana</a>,<a href="https://crypto.news/21shares-files-s-1-for-spot-xrp-etf/" target="_blank" rel="noopener noreferrer nofollow"> XRP</a>, and Litecoin. Additionally, several <a href="https://crypto.news/hkvac-revises-key-crypto-index-solana-replace-ripple/" target="_blank" rel="noopener noreferrer nofollow">crypto index ETFs</a>—offering exposure to a diversified selection of tokens—are also awaiting approval.
Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/trump-victory-creates-over-11k-new-bitcoin-millionaires/"> Trump victory creates over 11k new Bitcoin millionaires </a>

Bitcoin ETFs log $621.9m inflows as BTC hits all-time high of $76K

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