{"id":2268,"date":"2024-11-07T12:49:42","date_gmt":"2024-11-07T12:49:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2268"},"modified":"2024-11-07T12:49:42","modified_gmt":"2024-11-07T12:49:42","slug":"bitcoin-spot-etfs-hit-622m-inflows-following-trump-victory","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2268","title":{"rendered":"Bitcoin Spot ETFs Hit $622M Inflows Following Trump Victory"},"content":{"rendered":"<div>\n<p>Following <strong>Donald Trump<\/strong>&#8216;s election victory, Bitcoin spot ETFs recorded $622 million in inflows on Nov. 6 amid expectations for a more crypto-friendly <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41783773\/the-future-of-crypto-regulation-under-a-trump-administration-headwinds-are-now-tailwinds\">environment under the new administration.<\/a><\/p>\n<p><strong>What Happened<\/strong>: The <strong>Fidelity ETF<\/strong> (CBOE: FBTC) led with $309 million, while Bitcoin spot ETFs overall recorded a daily turnover of $6.07 billion\u2014the highest since March, according to <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">data<\/a> from <strong>SoSo Value<\/strong>.<\/p>\n<p><strong>BlackRock<\/strong>&#8216;s ETF (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/IBIT#NASDAQ\">IBIT<\/a>) contributed significantly, reaching a record turnover of $4.14 billion, a record high.<\/p>\n<p>These inflows come on the heels of Bitcoin&#8217;s new all-time high of $76,243 late on Nov. 6, though it has since retraced to $74,900 as of Thursday morning, still trading up by about 1.2%, <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\">according<\/a> to <strong>CoinGecko <\/strong>data.<\/p>\n<p>Meanwhile, <strong>Ether <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) is also showing gains, trading at $2,810 on Thursday morning in Europe\u2014an increase of over 7%. However, it remains 42.2% below its all-time &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41803451\/bitcoin-spot-etfs-hit-622m-inflows-following-trump-victory\" alt=\"Bitcoin\" spot etfs hit inflows following trump victory>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Following Donald Trump&#8216;s election victory, Bitcoin spot ETFs recorded $622 million in inflows on Nov. 6 amid expectations for a more crypto-friendly environment under the new administration. What Happened: The Fidelity ETF (CBOE: FBTC) led with $309 million, while Bitcoin spot ETFs overall recorded a daily turnover of $6.07 billion\u2014the highest since March, according to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2268","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2268"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2268\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}