Launched in January, spot Bitcoin ETFs have never performed as well as since Donald Trump was announced as the big winner of the US presidential elections. The month of November was particularly interesting for these ETFs, posting record weekly results.
Spot Bitcoin ETFs are of increasing interest to investors since Donald Trump was elected President of the United States
Since November 6, 2024, when Donald Trump was officially announced as the winner of the US presidential elections, spot Bitcoin (BTC) ETFs saw record net inflows.
In all, more than 10 billion dollars were invested in the dozen spot BTC ETFs available in the United States between November 6 and December 9. These funds recorded approximately 9.9 billion net admissions over this periodattracting nearly $34 billion in net incoming flows since their launch last January.
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In addition to the days of November 14, 15, 25 and 26, all negotiation days concluded with positive net flows. Among the days to highlight, we note those of November 7, 11 and 18, 2024 which all exceeded $1 billion in daily inbound volume.
Daily feeds of US spot Bitcoin ETFs from launch to present
Special mention for the day of November 7 which allowed spot BTC ETFs available in the United States to beat their one-day inflow record with $1.38 billion.
Overall, the cryptocurrency market reacted favorably to the election of Donald Trump as the 47th President of the United States. In fact, the price of Bitcoin simply soared, increasing by almost 35% since November 6.
Its price has several times reached values that it had never been close to, until crossing the symbolic mark of 100,000 dollars on December 5. However, its price has since fallen again, and Bitcoin is trading at just over $97,000 at the time of writing these lines.
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Ethereum Spot ETFs Are Also Having Happy Days
Spot Bitcoin ETFs aren't the only ones to have seen records in net inflows. This is also the case for spot Ethereum (ETH) ETFs. Between November 22 and December 9, spot ETH ETFs only saw positive inbound volumes.
So this makes 11 days in a row that the daily inflows of these funds are in the green. The trading day of December 5 is noteworthy since the Ethereum spot ETFs recorded $428 million in net inflowsa record since their launch last July.
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Throughout his campaign, Donald Trump adopted a favorable position for the development of cryptocurrencies and blockchain in the United States. He did not hesitate to increase pro-Bitcoin measures, at the same time gaining the support of several players in the crypto ecosystem.
In addition, his recent appointments, including that of Paul Atkins as chairman of the Securities and Exchange Commission and that of David Sacks to the position of head of AI and cryptocurrencies, suggest an upcoming remodeling of the regulatory landscape governing the sector.
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Source: SoSoValue
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Investments in cryptocurrencies are risky. There is no guaranteed high return, a product with high return potential involves high risk. This risk-taking must be in line with your project, your investment horizon and your capacity to lose part of this savings. Do not invest if you are not prepared to lose all or part of your capital
Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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