Bitcoin ETFs record $621 million inflow amid rare BlackRock outflow following US election Major asset management firms reported significant inflows in their Bitcoin ETFs following Donald Trump’s victory in the 2024 US presidential election. On Nov. 6, Fidelity’s FBTC saw an inflow of $308.8 million, while BlackRock’s IBIT experienced an outflow of $69.1 million. Grayscale’s GBTC and BTC recorded an inflow of $30.9 million and $108 million, respectively, reversing previous outflows.
Bitcoin’s price surged to a new all-time high of $76,400, breaking its previous record twice since the election. This price increase coincided with the substantial ETF inflows, suggesting renewed institutional interest. Ark’s ARKB reported an inflow of $127 million, and Bitwise’s BITB gained $100.9 million on the same day.
The shifts in ETF holdings reflect 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 saw an inflow of $17.2 million.
Analyst 
Liam 'Akiba' Wright
Also known as "Akiba," Liam Wright is a reporter, podcast producer, and Editor-in-Chief at CryptoSlate. He believes that decentralized technology has the potential to make widespread positive change.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
