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    Performance of Bitcoin and Ethereum ETFs following US election results

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    Bitcoin and Ethereum exchange-traded funds (ETFs) in the US saw a combined loss of $400.7 million on November 14, attributed to a slight dip in Bitcoin’s value. However, BlackRock’s iShares Bitcoin Trust ETF and VanEck Bitcoin ETF recorded net inflows of $126.5 million and $2.5 million respectively. Fidelity’s ETF lost the most with net outflows of $179.2 million. This is the first loss since the US election results on November 5, when Bitcoin’s value surged by nearly 30%. Similarly, Ether ETFs saw their first net outflow since the election, with $3.2 million leaving the funds on November 14.

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    Well, it seems Bitcoin and Ethereum exchange-traded funds (ETFs) based in the U.S. took a bit of a hit this Thursday, ending their winning streak since Trump got elected on Nov. 5.

    Data from Farside Investors points out that the 11 ETFs collectively shed a whopping $400.7 million on Nov. 14. This happened as Bitcoin’s value dipped a teensy 2% in a day, falling to $88,200.

    But, surprise! Two funds managed to swim against the tide – BlackRock’s iShares Bitcoin Trust ETF (IBIT) got a solid $126.50 million net inflow, while the VanEck Bitcoin ETF (HODL) gained a modest $2.5 million.

    Others weren’t so lucky though. Fidelity’s ETF lost the most, with a net outflow of $179.2 million. This was followed by $161.7 million exiting from the joint ETF of ARK and 21Shares, and $113.9 million leaving Bitwise’s fund. Grayscale’s ETF combo also saw an outflow of $74.9 million.

    FYI, this is the first time the ETFs saw an outflow since Trump won the presidential election on Nov. 5. This election result apparently sent Bitcoin’s value on a rocket ride, jumping about 30% to nearly $93,500 by Nov. 13.

    But let’s rewind a bit. On election day, these ETFs recorded a joint outflow of $116.8 million due to market jitters over who’d be the new U.S president. But once Trump’s victory was announced, the wider financial market surged on a “Trump trade” – encouraged by his promises to give the American economy a boost.

    The crypto market got a similar adrenaline shot with Trump’s pro-crypto promises. On Nov. 7, the Bitcoin ETFs had their biggest-ever daily inflow of $1.37 billion – this was part of a six-day inflow bonanza that added $4.7 billion to Bitcoin funds.

    On a related note, Ether (ETH) ETFs in the U.S also went through their first net outflow since Trump’s win, with a net $3.2 million leaving the funds on Nov. 14, according to Farside. This was after a winning streak of nearly $800 million inflows since Nov. 4. Currently, ETH has fallen nearly 5% over the last 24 hours to slink under $3,100.

    BlackRock’s iShares Ethereum Trust ETF (ETHA) gained $18.9 million inflows and Invesco’s ETH fund enjoyed a $900,000 inflow. But Grayscale’s Ethereum Trust ETF (ETHE) wasn’t quite as cheerful, seeing outflows of $21.9 million.

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