Trump's Inflow Wave Has Ended! Spot Bitcoin and Ethereum ETFs Experience First Outflows Since Election!

There was a massive rally in Bitcoin and altcoins after pro-crypto Donald Trump was elected as the 47th President of the United States.

This rally was also reflected positively in spot Bitcoin and Ethereum ETFs, and there were consecutive inflows.

But it ended a wave of inflows and outflows in spot ETFs that has continued since Donald Trump was elected president on Nov. 5.

While the decline in these outflows was effective, the decline was triggered by the statements of FED Chairman Jerome Powell. Because Powell said that there should be no rush to lower interest rates, Bitcoin started to decline.

According to data from Farside Investors, on November 14, spot Bitcoin ETFs experienced a total net outflow of $401 million.

This was the first outflow in about 10 days, and the only two funds to see positive flows were BlackRock’s iShares Bitcoin Trust ETF (IBIT) with net inflows of $126.5 million and the VanEck Bitcoin ETF with a small inflow of $2.5 million.

Fidelity ETF FBTC saw the biggest net outflow with $179.2 million. The ARK and 21Shares joint ETF followed with $161.7 million, and Bitwise’s BITB ETF with $113.9 million. Grayscale’s ETF and mini ETF saw a combined $74.9 million in outflows.

Invesco's BTCO, Valkyrie's BRRR, Franklin Templeton's EZBC, Wisdom Tree's BTCW recorded 0 net flows.

Like Bitcoin ETFs, spot Ethereum ETFs also saw their first net outflow since the Trump victory, with a net outflow of $3.2 million from ETH ETFs on November 14.

BlackRock iShares Ethereum Trust ETF saw an inflow of $18.9 million, while Invesco’s QETH fund saw an inflow of $900,000.

The bulk of the outflows came from the Grayscale Ethereum Trust ETF at $21.9 million, while VanEck’s ETHV also saw a small outflow of $1.1 million.

Bitcoin continues to trade at $87,600, down 4.1% in the last 24 hours.

*This is not investment advice.