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Bitcoin exchange-traded funds (ETFs) have attracted $3.4 billion in inflows over the past four days, according to Farside data. Major financial institutions, including BlackRock, Fidelity, and Grayscale, reported significant investments in their Bitcoin ETFs, indicating heightened institutional interest.
On Nov. 7, BlackRock’s IBIT ETF saw an inflow of $1.12 billion, marking the largest single-day investment among the ETFs listed.
These inflows come in the wake of the US Election, in which Donald Trump’s victory helped push Bitcoin toward $90,000.
Fidelity’s FBTC and Bitwise’s BITB also recorded notable inflows since the election of $666 million and $178 million, respectively. Grayscale’s GBTC continued to attract investments, adding $61 million. 1 reply
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