Major asset management firms reported significant inflows in their Bitcoin ETFs following Donald Trump’s victory in the 2024 US presidential election. On Nov. 6, Fidelity’s FBTC saw an inflow of $308.8 million, while BlackRock’s IBIT experienced an outflow of $69.1 million. Grayscale’s GBTC recorded an inflow of $30.9 million, reversing previous outflows.

Bitcoin’s price surged to a new all-time high of $76,400, breaking its previous record twice since the election. This price increase coincided with the substantial ETF inflows, suggesting renewed institutional interest. Ark’s ARKB reported an inflow of $127 million, and Bitwise’s BITB gained $100.9 million on the same day.

The shifts in ETF holdings reflect a complex market response. Companies like Valkyrie and VanEck also reported changes in their Bitcoin ETF positions. Valkyrie’s BRRR had a slight outflow of $2.6 million, while VanEck’s HODL saw an inflow of $17.2 million.

The post Bitcoin ETFs record $621 million inflow amid rare BlackRock outflow following US election appeared first on CryptoSlate.

Major asset management firms reported significant inflows in their Bitcoin ETFs following Donald Trump’s victory in the 2024 US presidential election. On Nov. 6, Fidelity’s FBTC saw an inflow of $308.8 million, while BlackRock’s IBIT experienced an outflow of $69.1 million. Grayscale’s GBTC recorded an inflow of $30.9 million, reversing previous outflows.

Bitcoin’s price surged to a new all-time high of $76,400, breaking its previous record twice since the election. This price increase coincided with the substantial ETF inflows, suggesting renewed institutional interest. Ark’s ARKB reported an inflow of $127 million, and Bitwise’s BITB gained $100.9 million on the same day.

The shifts in ETF holdings reflect a complex market response. Companies like Valkyrie and VanEck also reported changes in their Bitcoin ETF positions. Valkyrie’s BRRR had a slight outflow of $2.6 million, while VanEck’s HODL saw an inflow of $17.2 million.

The post Bitcoin ETFs record $621 million inflow amid rare BlackRock outflow following US election appeared first on CryptoSlate.