End of euphoria? Literally the cryptocurrency market exploded on the rise after the election of Donald Trump. Dynamics at the beginning new historical records in the very young American market Spot bitcoin ETF. Really, saw an inflow of more than US$1.3 billion in net inflows on a single day, November 7. An excitement that has since visibly subsided. Because now they are outputs that are returned…
- The spot bitcoin ETF market saw a dramatic inflow of over $1.3 billion following the election of Donald Trump.
- The worrisome turnaround occurred with a net outflow of $400 million, affecting BlackRock’s IBIT fund in particular.
Trump has fired up the spot market for Bitcoin ETFs
The most skeptical will have to back down. The US spot bitcoin ETF market is an undeniable success. Just look at his results since January, presented as 10 times higher than gold within the first year of their launch.
Adoption widely encouraged the election of candidate Donald Trump. With the prospect of seeing it to appoint crypto-loving politicians to key positions his administration.
This is undoubtedly the reason records simply exploded after the victory of the Republican camp. That to the point where you reach twice daily highs above $1 billion.
Opportunity for BlackRock’s IBIT fund confirm its very wide dominance. Because he is already imposing himself 3rd place in ETF according to a chart published by Eric Balchunas on X, it has had the most streams since the beginning of the year. All with a total over $29 billion.
$400 million in net outflows
However, the celebration that began did not last long. Because barely after recording 6 consecutive days in the greenflows returned to negative on November 14 with 400 million dollars clean drains.
New bleeding that this time it concerns BlackRock’s IBIT fund in particularnormally rather spared. With total $179.2 million which represents almost 45% of these daily walks.
Regardless, Eric Balchunas remains positive. because despite this recent backlash” 96% of ALL ETFs have a positive 12-month returncompared to 8% two years ago. » A positive note, which he hastens to accompany with the necessary nuances: ” I don’t foresee a declineI’m just saying, enjoy the moment.’
Since the decline is actually expected by some analysts, he faces the overheating post-election crypto market. But according to MicroStrategy’s founder-turned-maximalist, there’s no need to worry bitcoin. Really, Michael Saylor says that “ $100,000 party will be held for BTC before the end of the year. Everyone wishes they could take him at his word!
