Post-election, Bitcoin (BTC) exchange-traded funds (ETFs) saw a significant surge in net inflows, reaching a record $1.38 billion. This boost in investment follows strong market sentiment after the election results, as reported by Satoshi Club. Ethereum (ETH) ETFs were also up, with $78 million in new money.
GM 🫡
Post-election $BTC ETFs hit a record $1.38B in net inflows, while $ETH ETFs saw $78M in fresh investments. 📈
Top gainers (TOP 100): $CRO +22% $ADA +16% $NEIRO $GOAT +12%
Market sentiment stays strong! pic.twitter.com/CFG00ao4bg
— Satoshi Club (@esatoshiclub) November 8, 2024
CRO Leads with 22% Growth as Altcoin Market Gains Momentum Following Bitcoin ATH
The increase in the flows into both BTC and ETH ETFs is a sign that more investors are willing to invest in cryptocurrencies. The increase is observed as the market sentiment around the future of digital assets improves despite the continuously emerging regulatory issues.
However, several other altcoins have also posted good gains. For the week, the $CRO was the best performer in the top 100, rising by 22%. Cardano (ADA) came in second place with an increase of 16% and contributed to even more growth within the altcoin market. Other major risers were NEIRO and GOAT, which both rose by 12%.
Crypto Market Shows Strong Recovery Post-Election with Record Bitcoin ETF Inflows
The general market trend remains high for digital assets, and investors continue to invest in this market. This positive carry suggests that the crypto market is in its recovery mode at the moment after the election.
Investors are piling into Bitcoin ETFs to record levels, Ethereum is fresh capital, being positive in the short term according to data from Satoshi Club. The increase of the altcoins also proves that the market sentiment is still favorable.
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