The world’s largest asset management company BlackRock‘s iShares Bitcoin 
$75,017 Trust (IBIT) fund broke its own record on Thursday with net investment flows of $1.12 billion. The fund’s previous highest daily net investment flow record was recorded on October 30 with $872 million. This extraordinary increase in entries spot Bitcoin ETFIt attracted attention as part of a daily net investment flow record of 1.38 billion in total.
Trump’s Election Victory and Interest Rate Cut Attracted Investors to Bitcoin
Donald Trump‘s victory in the US presidential elections was one of the factors that increased investor confidence in the cryptocurrency market. Cryptocurrency analyst from BTCMarkets Rachael LucasAccording to , after Trump’s victory, there was an increase in both the stock and cryptocurrency markets and Bitcoin reached its all-time high. With this development, on Thursday Federal Open Market Committee (FOMC) reduced the interest rate by 25 basis points to the range of 4.50-4.75 percent.
COO of BTSE exchange Jeff MeiHe stated that Trump’s election victory and the Fed’s interest rate cuts directed institutional investors to spot Bitcoin ETFs. “The prospect of further interest rate cuts, the possibility of professional cryptocurrency regulations, and China’s ongoing economic stimulus have increased institutional interest in BlackRock’s spot Bitcoin ETF, and we expect more in the coming months,” Mei said.
Investment Growth in Spot Bitcoin and Ethereum ETFs
In addition to the $1.12 billion investment infusion into BlackRock’s ETF Fidelity‘s FBTC fund received a net investment of $190.92 million. Grayscale‘s mini trust attracted an investment of 20.38 million dollars. Besides this increase Ark & 21Shares, Bitwise, VanEck And Valkyrie Other spot Bitcoin ETFs such as have also recorded investment inflows.
According to the data, 12 spot Bitcoin ETFs in the US reached a total trading volume of 2.76 billion on Thursday and received a total net investment of 25.49 billion recently.
Spot Ethereum in the post-election period 
$2,827 Interest in ETFs has also increased. nine on thursday spot Ethereum ETFney received a total investment of 79.74 million dollars and reached a transaction volume of 466.39 million dollars. Ethereum The transaction volume of ETFs attracted attention by exceeding the average transaction volume in the range of 100 million-200 million dollars.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
