Bitcoin Sees $1.995 Billion Surge in Spot ETF Inflows Following Trump’s Victory Announcement

BTC

BTC/USDT

$87,558.98
+1.10%
24h Volume

$21,554,028,319.65

24h H/L

$88,860.00 / $86,074.72

Change: $2,785.28 (3.24%)

Long/Short
72.8%
Long: 72.8%Short: 27.2%
Funding Rate

+0.0034%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$87,552.56

1.02%

Volume (24h): -

Resistance Levels
Resistance 3$94,275.60
Resistance 2$91,031.51
Resistance 1$88,311.05
Price$87,552.56
Support 1$86,576.35
Support 2$84,681.20
Support 3$80,600.00
Pivot (PP):$87,640.73
Trend:Downtrend
RSI (14):39.4
(05:26 AM UTC)
1 min read

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As reported by COINOTAG News on November 8th, recent data from Farside Investors indicates a significant surge in *institutional interest* in cryptocurrency ETFs following the announcement of *Trump’s electoral victory*. Within just two trading days, the US *Bitcoin spot ETF* experienced a remarkable net inflow of $1.995 billion, showcasing robust market confidence among investors. This trend highlights the growing acceptance of *Bitcoin* as a legitimate asset class amidst the prevailing economic uncertainties.

Furthermore, the US *Ethereum spot ETF* also benefited from this bullish sentiment, registering a compelling net inflow of $132.9 million over the same period. This influx of capital into both *Bitcoin* and *Ethereum* ETFs underscores a broader shift in investment strategies, as more market participants seek to diversify their portfolios through cryptocurrency assets. Investors should closely monitor these developments as they reflect on the potential of *cryptocurrencies* in shaping the future financial landscape.

DK

David Kim

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