{"id":2338,"date":"2024-11-08T14:16:34","date_gmt":"2024-11-08T14:16:34","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2338"},"modified":"2024-11-08T14:16:34","modified_gmt":"2024-11-08T14:16:34","slug":"bitcoin-etfs-saw-record-1-38-billion-inflows-on-thursday","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2338","title":{"rendered":"Bitcoin ETFs Saw Record $1.38 Billion Inflows On Thursday"},"content":{"rendered":"<div>\n<p>Bitcoin spot ETFs on Nov. 7 saw a historic surge in investment, with total net inflows reaching $1.38 billion, the <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41803451\/bitcoin-spot-etfs-hit-622m-inflows-following-trump-victory\">highest single-day figure to date<\/a>.<\/p>\n<p><strong>What Happened: BlackRock&#8217;s<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/IBIT#NASDAQ\">IBIT<\/a>) ETF alone accounted for $1.12 billion of this total, marking a record-breaking day for digital asset ETFs, according to <a href=\"https:\/\/sosovalue.com\/assets\/etf\/us-btc-spot\">data<\/a> from <strong>SoSo Value<\/strong>.<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/money\/what-is-ethereum-etf\">Ethereum spot ETFs<\/a> also saw significant activity, with net inflows of $79.7 million, representing the third-highest single-day inflow for Ethereum.<\/p>\n<p>The surge in Bitcoin ETF inflows comes at a time when post-election optimism and market recalibrations are influencing investor behavior. <\/p>\n<p>According to <strong>QCP Capital<\/strong>, recent market movements indicate that <strong>Bitcoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) is benefiting from increased attention, driven partly by what they describe as \u201cTrump trades.\u201d <\/p>\n<p>These are investments spurred by positive sentiment around Trump&#8217;s economic policies and <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/24\/11\/41820253\/fed-cuts-interest-rates-to-lowest-since-february-2023-sticks-to-data-driven-path\">a 25 basis-point cut<\/a> from &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/11\/41843928\/bitcoin-etfs-saw-record-1-38-billion-inflows-on-thursday\" alt=\"Bitcoin\" etfs saw record billion inflows on thursday>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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&#8217;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 [&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-2338","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\/2338","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=2338"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2338\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}