Solid Week for Bitcoin and Ethereum Funds, but Warning Signs Emerge – ETF Roundup

Since the US presidential election in the middle of last week, bitcoin spot ETFs had enjoyed a massive demand trend with a pair of $1 billion+ inflows days before a slight change in prices. investor tactics.

ethereum spot ETFs also had some notable days, but ended the week in the red.

Billions pour into btc ETFs

Investors took a cautious approach toward spot bitcoin ETFs ahead of the US election, but went on a wave of accumulation after the dust settled. As reported last week, net inflows for the full three business days after it became known that Trump will be the next president were close to $2.3 billion.

The trend continued this trading week, with a whopping $1,114.1 billion entering funds on Monday. The positive figures for Tuesday and Wednesday were $817.5 million and $510.1 million. As such, total inflows since the election skyrocketed to nearly $5 billion in about a week.

However, this is where the picture changed, as investors withdrew $400.7 million on Thursday and $239.6 million on Friday. Consequently, the work week <a target="_blank" href="https://farside.co.uk/bitcoin-etf-flow-all-data/” data-wpel-link=”external” target=”_blank”>term with a huge net inflow of $1,801.4 billion, but doubts were raised due to two consecutive days in the red on Thursday and Friday.

Within this time frame, btc price skyrocketed to $93,800 on Wednesday, where it reached its most recent all-time high and retreated in the following days coinciding with ETF fund allocations.

The silver lining is that BlackRock's IBIT, the world's largest btc ETF, continues to attract funds with seven consecutive days of net inflows.

<blockquote class="twitter-tweet”>

Now 7 days in a row of entries for iShares bitcoin ETF (IBIT)…

Almost 3.4 billion dollars.

For context, that $3.4 billion exceeds the *total lifetime* inflows for all other ETF launches in 2024 except FBTC.

That's 615 new ETFs.

The IBIT is now approaching $30 billion in total inflows.

Ridiculous.

– Nate Geraci (@NateGeraci) <a target="_blank" href="https://twitter.com/NateGeraci/status/1857810848950931846?ref_src=twsrc%5Etfw” data-wpel-link=”external” target=”_blank”>November 16, 2024

eth ETFs also in green

ethereum spot ETFs also had a good week; in fact, the best in its history, especially the first three days. In them, the funds recorded net inflows of $295.5 million on Monday, $135.9 million on Tuesday and $146.9 million on Wednesday.

Although the trend also reversed on Thursday and Friday, with lower outflows of $3.2 million and $41.2 million, respectively, the week <a target="_blank" href="https://farside.co.uk/eth/” data-wpel-link=”external” target=”_blank”>term good in the green. This puts the week's figure at $533.9 million, which now means ethereum ETFs are in the green for the first time.

eth price peaked during the week at around $3,500, but has lost around $400 since then and now sits at $3,100.

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