Spot crypto ETFs in the US have seen outflows for the first time since Donald Trump was elected, as both Bitcoin and Ethereum fell on the day.
United States-based spot Bitcoin and Ethereum exchange-traded funds (ETFs) bled on Thursday, ending a run of inflows since Donald Trump was elected president on Nov. 5.
Farside Investors shows the 11 ETFs together posted a net outflow of $400.7 million on Nov. 14 as Bitcoin (BTC) saw a drop over the day and is down 2% over the last 24 hours at $88,200.
The only two funds to see positive flows were BlackRock’s iShares Bitcoin Trust ETF (IBIT), which had $126.50 million worth of net inflows alongside a minor $2.5 million flow into the VanEck Bitcoin ETF (HODL).
