Author: Jesse Coghlan, CoinTeleGraph; Compiled by Five Baht, Golden Finance

On Thursday, US spot Bitcoin and Ethereum exchange-traded funds ended a string of capital inflows since Donald Trump was elected president on November 5.

According to Farside Investors' data, the 11 ETFs had a total net outflow of $0.4007 billion on November 14 because Bitcoin fell on the same day and fell 2% to $88,200 in the past 24 hours.

The only two funds with a positive inflow were BlackRock's iShares Bitcoin Trust ETF (IBIT), which had a net inflow value of $0.1265 billion and a small amount of $2.5 million into the VanEck Bitcoin ETF (HODL).

Fidelity's ETF had the largest net outflow of $0.1792 billion, followed by the ARK and 21Shares joint ETF at $0.1617 billion, and the Bitwise Fund at $0.1139 billion. Grayscale's ETF and mini ETF together had outflows of $74.9 million.

This is the first time since Trump won the presidential election on November 5 that there has been an outflow of funds from ETFs. Trump's victory in the election triggered a massive cryptocurrency rise, with Bitcoin surging about 30%, peaking at nearly $93,500 as of November 13.

Bitcoin has rebounded from around $0.068 million on November 5 to more than $0.093 million, and has continued to break through new highs in the process. Source: TradingView

The last time an ETF shared outflow of $0.1168 billion was on election day, when the market was uncertain about who would be president, and polls predicted that competition between Trump and Democratic challenger Kamala Harris would be intense.

As the Republican candidate's victory became clear, the wider financial market rose, fueled by “Trump's deal” — spurred by his promise to boost the US economy.

The cryptocurrency market was also boosted by his commitment to support cryptocurrencies. The Bitcoin ETF reached its highest daily inflow in history on November 7, reaching $1.37 billion, which is part of the increase in inflows of $4.7 billion into Bitcoin funds for six consecutive days.

Meanwhile, the US spot Ethereum ETF also experienced its first net outflow since Trump's victory. According to Farside's data, there was a net outflow of 3.2 million dollars from the fund on November 14.

This is the upper limit of nearly $0.8 billion in inflows since November 4, when the ETH fund last saw an outflow. ETH has dropped nearly 5% over the past 24 hours and is trading below $3,100.

BlackRock's iShares Ethereum Trust ETF (ETHA) received an inflow of 18.9 million dollars, while Invesco's ETH fund received an inflow of 0.9 million dollars.

The Grayscale Ethereum Trust ETF (The Grayscale Ethereum Trust ETF) had the largest outflow of funds, at $21.9 million.