A few major asset management firms saw significant inflows in their Bitcoin ETFs after Donald Trump won the 2024 US presidential election. Fidelity’s FBTC had an inflow of $308.8 million, while BlackRock’s IBIT had an outflow of $69.1 million. Grayscale’s GBTC also had an inflow of $30.9 million, reversing previous outflows.
Bitcoin’s price reached a new all-time high of $76,400, breaking previous records twice since the election. This increase coincides with the substantial ETF inflows, showing renewed institutional interest. Ark’s ARKB had an inflow of $127 million, and Bitwise’s BITB gained $100.9 million on the same day.
The shifts in ETF holdings show a complex market response. Companies like Valkyrie and VanEck also reported changes in their Bitcoin ETF positions. Valkyrie’s BRRR had a slight outflow of $2.6 million, while VanEck’s HODL had an inflow of $17.2 million.
