Bitcoin ETFs inflows set new post-Trump election victory high

US Bitcoin spot exchange-traded funds (ETFs) recorded their second-biggest inflow day in history. The Bitcoin ETF infow rate is surpassed only by the day Donald Trump won the US presidential election last November.

As Bitcoin (BTC) zoomed past $118k on Friday, the Fear and Greed Index ticked into full “greed” mode, and institutional capital came pouring in.

Altcoins also followed the Bitcoin surge, as the cumulative crypto market cap surged by 6% over the last day to stay above $3.67 trillion. Its 24-hour trading volume is up by a massive 67% to hit $246 billion. However, Bitcoin’s dominance is nearing 64% now.

Wall Street pours billions into BTC ETFs

Data shows that Bitcoin ETFs posted $1.18 billion of inflows on Thursday alone. This has been recorded as the biggest amount of inflow seen since Trump’s election victory. BTC ETFs saw $1.38 billion of inflow on November 7, 2024, the day the US presidential election results were announced. The funds also posted $1.11 billion of inflows on November 11, 2024.

BlackRock’s iShares IBIT led the charge with $448 million in net inflows, while Fidelity’s fund wasn’t far behind with $324 million. The incoming fund surge helped to push IBIT’s daily trading volume past $5 billion. It is nearly twice its normal volume, and the second-highest single-day activity across all 11 US Bitcoin ETFs since they launched in 2024.

Ark’s ARKB saw $268 million flowing in, while Grayscale’s BTC ETF posted $81 million of inflow. Meanwhile, Grayscale’s GBTC is the only fund that is losing value, as it recorded $40.1 million of withdrawals.

Bitcoin’s price has increased 100% over the last year and is currently trading at an average of $117,850. Its 24-hour trading volume spiked by 99% to remain above $123 billion. Bitcoin has a market cap of $2.34 trillion.

Ethereum ETFs weren’t left out of the party as they saw $383.1 million in inflows, their second-highest ever. BlackRock’s ETHA ETF smashed its own record with a $300.9 million single-day intake. It traded over $800 million across two days. ETFStore’s Nate Geraci called it a “new daily record,” noting that platforms are still gatekeeping access and that financial advisors have barely begun allocating. 

Trump to join the ETF frenzy

All of this is happening as Bitcoin enters full-blown price discovery mode. BTC just notched its second new all-time high this week, and analysts are throwing out $200K price targets like it’s 2021 again. At the same time, ETH cracked above $3,000 for the first time since February. BlackRock’s ETH ETF traded over $800 million across two days.

Amid the ETFs surge, Trump is also throwing his own ETF into the ring. Trump Media has filed with the SEC to launch the “Crypto Blue Chip ETF”. It will reportedly hold 70% BTC, 15% ETH, 8% Solana, 5% XRP, and 2% Cronos.

The president who once called Bitcoin “a scam” is now pushing a multi-asset crypto ETF tied to his media empire. It follows earlier reports that the Trump family is neck-deep in crypto investments, including potential stakes in American Bitcoin mining and ties to Ripple.

Since Trump took office, the SEC has paused several enforcement actions against crypto firms and unveiled more ETF-friendly guidance. Under his administration, crypto is being rebranded from dangerous shadow finance to digital asset innovation.

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