Bitcoin and Ether ETFs draw $128M as crypto rebounds after midterms
Bitcoin and Ether ETFs attract $128 million in one day
US-listed spot Bitcoin and Ether ETFs turned positive on Wednesday after several days of outflows. An ETF is a fund traded on a stock exchange, and a spot ETF holds the underlying asset directly.
Bitcoin ETFs added $74.6 million, according to SoSoValue data. Ether ETFs added $53 million.
Bitcoin rose above $80,000 on Wednesday. US stocks also rose after Democrats won the midterm elections.
Key numbers from Wednesday trading
- Bitcoin ETFs: $74.6 million in inflows
- Ether ETFs: $53 million in inflows
- Bitcoin ETF outflows in the previous three sessions: $1.16 billion
- Ether ETF outflows in the previous seven days: $657 million
- Bitcoin ETF outflows slowed from $399 million on Monday to $116 million on Tuesday
BlackRock fund keeps losing money while Fidelity leads
Farside Investors data shows BlackRock's iShares Bitcoin Trust, known as IBIT, recorded $201.2 million in outflows on Wednesday. That extended its outflow streak to four sessions, with total outflows of $935.2 million.
Fidelity's Wise Origin Bitcoin Fund, known as FBTC, led inflows with roughly $237 million.
Wednesday's inflows narrowed Bitcoin ETFs' net outflows for 2026 to around $79 million.
What analysts said about the election effect
James Butterfill of CoinShares said Bitcoin had largely reflected the possibility of a Democratic sweep before the election. He said this left room for a relief rally as uncertainty eased. He also warned against linking too much of Bitcoin's performance to the election result.
CK Zheng of ZX Squared Capital pointed to other factors. He named monetary liquidity, institutional investment flows, and broader investor appetite for risk as more immediate drivers of Bitcoin's price.
Zheng also said spot Bitcoin ETFs and corporate treasury holdings could broaden demand. He added that they could also expose Bitcoin to selling pressure from institutions.
What is confirmed and what is opinion
The flow figures above are reported by SoSoValue and Farside Investors. The election impact is not confirmed as a cause. Butterfill and Zheng offered differing views on what drove Bitcoin.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.