U.S. spot Bitcoin ETFs saw a record-breaking $1.37 billion in inflows on November 7 as Bitcoin hit a new all-time high near $77,000, influenced by Donald Trump’s election win and a recent rate cut by the Fed.
This brought total investments in U.S. spot Bitcoin ETFs to $25.5 billion, with BlackRock’s iShares Bitcoin Trust (IBIT) leading with a single-day inflow of $1.12 billion. Fidelity’s Bitcoin ETF and others, including Bitwise and Grayscale, saw smaller inflows.
In total, nearly $2 billion flowed into Bitcoin ETFs over two days, fueling bullish sentiment. Ethereum ETFs also saw notable inflows, totaling $79.7 million, with BlackRock and Fidelity leading the way, indicating potential growth if Ether prices continue to rise amidst stabilizing outflows from Grayscale’s ETHE fund.
Retail interest in digital assets is rising, driven by institutional offerings like BlackRock’s compliant crypto investment products. This ETF-driven surge coincides with Bitcoin’s record-breaking price highs.
The trend suggests that investor demand for crypto-backed products may diversify beyond Bitcoin, with a focus on other digital assets like Ethereum, which is lagging behind Bitcoin in price performance.
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