As the probability of Donald Trump winning the US presidential election continues to rise in Polymarket, Bitcoin is also reacting positively to the situation.
As BTC rose above $68,000 in the face of Trump's rising rates, interest in ETFs has also increased and inflows continue to occur.
According to Farside Investors data, yesterday, October 16, there was a total net inflow of $458.5 million into spot Bitcoin spot ETFs.
Since Friday until yesterday (October 16 inclusive), net money inflows into spot Bitcoin ETFs totaled $1.639 billion, with the total inflows of nine BTC ETFs exceeding $20 billion for the first time since their launch.
With the latest inflows, Bitcoin ETFs saw net inflows for 4 consecutive days, with the largest inflow being to BlackRock ETF IBIT. While BlackRock ETF saw an inflow of $393 million, Fidelity ETF FBTC saw an inflow of $14.8 million.
Looking at other ETFs, Bitwise (BITB) saw $12.9 million in inflows; Ark Invest (ARKB) saw $11.5 million and Franklin Templeton (EZBC) saw $11.8 million.
Bitcoin ETF Flow (US$ million) – 2024-10-16
TOTAL NET FLOW: 458.5
IBIT: 393.4FBTC: 14.8BITB: 12.9ARKB: 11.5BTCO: 6.4EZBC: 11.8BRRR: 1.9HODL: 5.8BTCW: 0GBTC: 0BTC: 0
For all the data & disclaimers visit:https://t.co/Wg6Qpn0Pqw
— Farside Investors (@FarsideUK) October 17, 2024
Spot Ethereum ETFs also experienced one of the highest inflows in recent days, seeing a net inflow of $24.2 million on October 16.
BlackRock, which made a significant difference to its competitors in Bitcoin ETFs, ranked first in Ethereum. Accordingly, BlackRock experienced an inflow of $ 11.9 million, while only two ETFs other than BlackRock experienced inflows.
Apart from BlackRock's ETHA, Fidelity ETF FETH and VanEck ETF ETHV saw inflows. Other ETFs saw 0 inflows.
*This is not investment advice.
Continue Reading: Donald Trump Also Positively Impacted Bitcoin ETFs: Inflows Exceeded $1.6 Billion in Four Days! Here Are the Details!
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