On November 11, spot Bitcoin and Ethereum ETFs recorded their first net outflow since the U.S. presidential elections. The total outflow amounted to $400.7 million, marking the end of a six-day inflow streak that be
gan after Donald Trump’s victory on November 5. During this time, Bitcoin dropped by 2% in the past 24 hours, settling at $88,200. Ethereum ETFs also reported their first net outflow of $3.2 million, limiting total inflows since November 4 to nearly $800 million. Over the last 24 hours, Ethereum fell by almost 5%, dropping below $3,100.
BlackRock funds stood out against the overall outflow trend. BlackRock’s Bitcoin ETFs attracted a net inflow of $126.5 million, while Ethereum ETFs added $18.9 million. This contrasts with the broader losses experienced by other funds, highlighting differences in investor strategies.
These changes mark the first signs of outflows since Donald Trump’s victory in the presidential elections on November 5. The election results previously triggered a massive rally in the cryptocurrency market, with Bitcoin surging by approximately 30% to a peak of $93,500 as of November 13.
If the outflow trend persists, it could place pressure on the cryptocurrency market, reducing its appeal to institutional investors. Withdrawals from ETFs might trigger price declines, making recovery more challenging. At the same time, the current situation emphasizes the need for further analysis of market factors influencing capital inflows and a deeper understanding of investor strategies in cryptocurrency assets.
