30s Summary

Following Donald Trump’s presidential victory, Bitcoin and Ethereum exchange-traded funds (ETFs) saw massive fund inflows, with Bitcoin ETFs receiving a record-breaking $1.38 billion, marking a first-time total net inflow crossing $25 billion. Meanwhile, Ethereum ETFs attracted $78 million, due to increased positivity towards decentralized finance (DeFi) post-Trump’s victory. His perceived pro-crypto policies and deregulation boosted investor confidence, causing a surge in both Ethereum and Bitcoin prices.

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After Donald Trump won the U.S. presidency, Bitcoin and Ethereum exchange-traded funds (ETFs) saw a huge influx of funds. Bitcoin ETFs witnessed a record-breaking $1.38 billion in net inflows.

BlackRock’s IBIT, one of the products, received over $1.1 billion in net inflows, making it their highest ever since it was launched earlier this year. This also resulted in the cumulative net inflows for all products to cross over $25 billion for the first time. What’s even more interesting is that none of the twelve ETFs recorded any net outflows.

Meanwhile, Ethereum ETFs got an infusion of $78 million. This seems to be due to a renewed positive outlook on the decentralized finance (DeFi) space following Trump’s win. Ethereum’s price rose over 10% on the same day as expectations of pro-crypto policies and deregulation in Trump’s regime grew, boosting investor confidence.

Bitcoin is trading above $76,000 today, showing a nearly 10% rise in just a week. It is expected that the Federal Reserve will cut rates, which usually supports riskier assets like Bitcoin by increasing liquidity and weakening the dollar.