As Donald Trump's popularity in the US presidential election rises, interest and investments in Bitcoin and related ETFs are also increasing.
Activity in the Bitcoin ETF Market
According to Farside Investors data, on October 16, a total net inflow of $458.5 million was recorded in Bitcoin ETFs. From Friday until yesterday, net money inflows totaled $1.639 billion, surpassing $20 billion for the first time since the launch of nine ETFs.
Details on Market Influence
The largest inflow was recorded in the BlackRock ETF IBIT, amounting to $393 million, while Fidelity ETF FBTC saw an influx of $14.8 million. Other ETFs like Bitwise (BITB) and Ark Invest (ARKB) also experienced notable inflows.
Ethereum ETF Inflows
Spot Ethereum ETFs also saw high investor interest, with a net inflow of $24.2 million on October 16. BlackRock led among Ethereum ETFs with an inflow of $11.9 million. Besides BlackRock, Fidelity ETF FETH and VanEck ETF ETHV also saw inflows.
Amid political uncertainty, interest in cryptocurrency ETFs remains high, evidenced by significant investment inflows.