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

BTC

BTC/USDT

$69,176.78
+7.38%
24h Volume

$30,482,073,707.86

24h H/L

$69,550.00 / $63,820.50

Change: $5,729.50 (8.98%)

Long/Short
62.0%
Long: 62.0%Short: 38.0%
Funding Rate

+0.0004%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$68,945.05

7.63%

Volume (24h): -

Resistance Levels
Resistance 3$74,487.16
Resistance 2$72,214.74
Resistance 1$69,016.38
Price$68,945.05
Support 1$68,078.70
Support 2$65,642.06
Support 3$62,898.18
Pivot (PP):$67,469.44
Trend:Downtrend
RSI (14):44.7
(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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