US investors continued to pour money into spot Bitcoin ETFs after Donald Trump’s victory in the presidential election, with the streak extending into the last five trading days.
Ethereum counterparties also enjoyed momentum by attracting almost $1 billion in the last week.
BTC ETFs maintain momentum
The first 11 and now 12 Bitcoin spot ETFs have already broken several records in terms of massive net inflows in their first year. This is particularly true of BlackRock’s IBIT, which quickly became the largest of the group and remains a favorite among investors.
The last five business days solidified the recent trend that began even before the election. On Monday, December 9, the funds attracted $489.1 million in net inflows, followed by $438.5 million on Tuesday, $223.1 million on Wednesday, $597.5 million on Thursday and $428. $9 million on Friday, ending the week strong.
In general, the total numbers For this period it shot up to 2,167.1 million dollars. Although it is lower than last week, it still means that more than $2 billion has been invested in the ETFs in just a few days.
IBIT led the charge for four of the trading days, with $394.1 million on Monday, $295.6 million on Tuesday, $431.6 million on Thursday and $393 million on Friday. It saw no reportable flows on Wednesday, while Fidelity’s FBTC stood out with $121.9 million that day.
These significant net inflows have had a positive impact on the price of BTC, as the asset is up 3% on a weekly basis and is close to a new all-time high.
ETH ETFs Are Also Doing Well
Ethereum ETFs have also enjoyed the last few weeks after their slow start. Their streak started even further back, on November 22, and since then they have yet to see a day in the red.
Once again, they recorded impressive figures in the last week, attracting $149.8 million on Monday, $305.7 million on Tuesday, $102 million on Wednesday, $273.7 million on Thursday and a more modest $23.6 million dollars on Friday. The total now stands at $854.8 million.
Interestingly, the price of ETH is actually down 2.5% weekly. The asset jumped above $4,000 last Friday, but has failed to maintain its momentum and now sits below $3,900 after a turbulent week.
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