Bitcoin ETFs Saw Record $1.38 Billion Inflows On Thursday
Bitcoin spot ETFs on Nov. 7 saw a historic surge in investment, with total net inflows reaching $1.38 billion, the highest single-day figure to date.
What Happened: BlackRock’s (NASDAQ:IBIT) ETF alone accounted for $1.12 billion of this total, marking a record-breaking day for digital asset ETFs, according to data from SoSo Value.
Ethereum spot ETFs also saw significant activity, with net inflows of $79.7 million, representing the third-highest single-day inflow for Ethereum.
The surge in Bitcoin ETF inflows comes at a time when post-election optimism and market recalibrations are influencing investor behavior.
According to QCP Capital, recent market movements indicate that Bitcoin (CRYPTO: BTC) is benefiting from increased attention, driven partly by what they describe as “Trump trades.”
These are investments spurred by positive sentiment around Trump’s economic policies and a 25 basis-point cut from …
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