Bitcoin ETFs have experienced an unprecedented $1.3 billion in inflows, marking a significant event in the cryptocurrency market. This surge is primarily attributed to the electoral victory of Donald Trump, as well as recent cuts in interest rates by the Federal Reserve.
The substantial inflows were predominantly attributed to BlackRock’s IBIT, which alone secured $1.1 billion, highlighting its dominant position in the market.
Importantly, there were zero net outflows from any ETF products, demonstrating a strong investor confidence in these instruments amidst the recent macroeconomic developments.
