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

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3
(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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