Record Inflows and Outflows in Bitcoin and Ethereum ETFs Post-US Election

Bitcoin ETFs Witness Significant Inflows During Post-Election Period

Following the recent US presidential elections, the cryptocurrency market experienced notable fluctuations, particularly in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).

Bitcoin ETFs saw unprecedented inflows, reaching nearly US$5B post-election, with BTC prices reaching a high of US$93.8K before experiencing outflows towards the end of the week.

Notably, Ethereum ETFs also witnessed a surge in investor interest, recording record inflows of US$533.9M during the same timeframe.

Market Dynamics Reflect ETF Activity

The prices of both Bitcoin and Ethereum peaked midweek in correlation with the heightened activity in ETFs, then slightly declined as the week progressed.

This trend continued into the following week, with significant inflows recorded daily, totaling almost US$5B post-election.

Ethereum ETFs Achieve Positive Performance Post-Election

Meanwhile, Ethereum ETFs also displayed a strong performance, with record-breaking inflows at the start of the post-election period.

Throughout the week, Ethereum ETFs saw consistent growth, culminating in total inflows of US$533.9M, marking their best week to date.

Weekly Outflows Pose Questions About Sustainability

However, towards the end of the week, both Bitcoin and Ethereum ETFs experienced net outflows, raising concerns about the sustainability of the initial momentum.

Despite this pullback, the net inflows for the week remained substantial, indicating continued investor interest in cryptocurrency ETFs.

Price Movements Reflect ETF Activity

Notably, the prices of Bitcoin and Ethereum mirrored the ETF activity, with both cryptocurrencies peaking midweek before retracing slightly by the end of the week.

Bitcoin price reached an all-time high of US$93.8K, while Ethereum price peaked at US$3.5K before declining in the latter part of the week.