Bitcoin and Ethereum ETFs Break Streak, See First Outflows Since Trump Election Victory

• U.S. spot Bitcoin ETFs command $92.56 billion in BTC or 5.34% of its market cap.
• BTC and ETH ETFs pulled over $5.5 billion in combined inflows between Nov. 6 and Nov. 13.
• U.S. spot Ethereum ETFs net assets total $9.27 billion or 2.48% of ETH’s market cap.

U.S. spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) have seen an abrupt end to their record-breaking inflow streak.

This follows the ‘Trump trade’ market momentum cool-off that came after the initial boost of Donald Trump’s U.S. election victory.

Bitcoin ETFs

As per data from SoSoValue, Bitcoin ETFs have seen a total net outflow of $400.67 million on Nov. 14 after pulling over $4.7 billion in net inflows over the past six days.

Refusing to be caught in the red tide, BlackRock’s iShares Bitcoin Trust (IBIT) bagged $126.53 million in net inflows, raising its cumulative net inflows to $29.28 billion. With $41.6 billion in net assets, IBIT is an institutional behemoth that commands 2.4% of BTC’s market cap.

Surprisingly, the VanEck Bitcoin ETF (HODL) also evaded losses and instead captured a humble $2.5 million in net inflows. But that’s where the good news ends.

As the second-best performing BTC ETF by cumulative net inflows, Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw the largest outflows of the day, totaling $179.16 million.

The ARK 21Shares Bitcoin ETF (ARKB) also took a sizeable hit, shedding $161.72 million in outflows, as did Bitwise’s Bitcoin ETF (BITB), which posted $113.94 million in exits.

The Grayscale Bitcoin Trust (GBTC) shed a further $69.59 million, raising its cumulative net outflows to a woeful $20.25 billion. Double dipping into the red, Grayscale’s newly launched Bitcoin Mini Trust also saw outflows, though a comparatively modest $5.28 million.

Ethereum ETFs

According to SoSoValue, Ethereum ETFs have also ended their own historical inflow streak, shedding $3.24 million in total net outflows. This was after a six-day streak that pulled around $800 million into funds.

BlackRock’s crypto ETFs appear unshakeable, as its iShares Ethereum Trust (ETHA) pulls $18.87 million in net inflows. ETHA has seen $1.72 billion in cumulative net inflows, outpacing its nearest competitor by more than double, cementing BlackRock as the reigning king of crypto ETFs.

Invesco Galaxy Ethereum ETF (QETH) made a rare showing, pulling a cool $929,010 in net inflows. Though it commands just $31.37 million in net assets after $29.07 million of cumulative net inflows, QETH is still outperforming industry titans like Grayscale, which continues to post fund exits.

The Grayscale Ethereum Trust (ETHE ) once again leads the losses, posting $21.9 million in net outflows from its declining fund. Having not seen a single day of net inflows, ETHE has recorded $3.2 billion in cumulative net outflows.

Finally, the VanEck Ethereum Trust (ETHV) posted its fourth-ever day of outflows, dropping $1.14 million from its fund.