- Sport crypto funds have experienced a significant rise, driven by strong institutional interest and market performance.
- The election of US President Donald Trump propelled Bitcoin ETFs to record inflows, particularly on the first day of trading following his victory.
- Ethereum’s spot ETFs have begun to surge, with notable inflows in late November.
- Despite a slower start, ETH’s price has broken out of Bitcoin’s trend to post 11% weekly gains.
Spot crypto funds have been a revelation.
The institutional interest in these ETFs has been extraordinary, snatching impressive market shares and outpacing several big-name competitors from other industries.
Following the election of US President Donald Trump, the already-hot asset class went to another level, recording a monthly record for spot Bitcoin ETF inflows.
As BTC flirts with the US $100k (AU $153k) price ceiling, the success of spot crypto funds may only just be getting started.
Related: Crypto’s Wild Ride Awaits as Altcoin Funds Line Up at SEC’s Door, Says Bloomberg’s Balchunas
Bitcoin ETFs Top February Following Trump Election High
Bitcoin has had all the attention this month – and rightfully so.
The coin has been posting all-time highs for fun, and the psychological barrier of US $100k (AU $153k) is a value that many in the industry could only dream of a few years ago.
The optimism has been reflected in daily and monthly spot Bitcoin ETF volumes.
Throughout November, the US Bitcoin ETFs have attracted US $6.2b (AU $9.5b) worth of net flows, surpassing its previous peak in February of US $6b (AU $9.2b).
The single biggest day of trading occurred immediately following Trump’s election victory, with US $1.38b (AU $2.12b) pouring into spot Bitcoin ETFs.
A whopping 72% – over US $1b (AU $1.53b) – of that inflow went to BlackRock’s IBIT.
eToro Market Analyst, Josh Gilbert, told Bloomberg that this trend is likely to continue.
We will continue to see inflows into ETFs, especially under a Trump administration where it’s slated to be easier for businesses and retirement funds to own this asset.
Josh Gilbert, Market Analyst at eToroETH Surges 11% as ETF Inflows Soar
Despite Bitcoin’s market dominance, the narrative is slowly starting to shift – especially in the spot ETF space.
Ethereum’s funds didn’t quite get off to the same manic start as Bitcoin’s, but that is beginning to change.
November was a key month for spot Ether funds, with the nine products recording all-time high inflows on several days.
The standout was last Friday, when the asset class raked in US $333m (AU $512m) in net flows – even outpacing Bitcoin for the day.
Given Eth’s relatively weaker performance (both in the crypto and spot ETF markets) in 2024, it makes sense that there’s a lot of room for growth as investors regain confidence in the DeFi sector.
Related: Aussie Trader Ponders 2025 Crypto Exit Strategy Amid Market Uncertainty
ETH’s popularity on the TradFi markets was reflected in its price action, with Ether gaining nearly 11% over the past week of trading.
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