Bitcoin and Ether ETFs draw $128m as crypto rebounds after US midterms

Key points

• Bitcoin ETFs took in $74.6m and Ether funds $53m on Wednesday, according to SoSoValue data.
• The inflows ended three sessions of Bitcoin ETF outflows worth $1.16bn and a seven-day Ether ETF outflow streak of $657m.
• BlackRock's IBIT lost another $201m, taking its four-session outflow streak to $935m, while Fidelity's FBTC led with about $237m of inflows.

US-listed spot Bitcoin and Ether ETFs drew $128m on 4 November as crypto markets rebounded after the US midterm elections, Cointelegraph reports. Bitcoin funds attracted $74.6m and Ether funds $53m, according to SoSoValue data, ending three straight sessions of Bitcoin ETF outflows totalling $1.16bn and a seven-day Ether outflow run of $657m.

The reversal followed a slowdown in withdrawals, from $399m on Monday to $116m on Tuesday. Bitcoin climbed back above $80,000 and US stocks rallied after Democratic midterm victories on 4 November.

Analysts on the election

BlackRock's iShares Bitcoin Trust remained a drag, shedding $201m to stretch its outflow streak to four sessions and $935m, Farside Investors data show. Fidelity's Wise Origin Bitcoin Fund led the inflows with roughly $237m. Wednesday's gains cut Bitcoin's 2026 net outflows to about $79m.

James Butterfill, head of research at CoinShares, said Bitcoin had largely priced in a Democratic sweep before the vote, leaving room for a relief rally as uncertainty eased, though he warned against overstating the election's role.

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