Bitcoin and Ether ETFs recorded net inflows of $128 million on Wednesday, narrowing Bitcoin’s cumulative 2026 outflows to around $79 million. James Butterfill, head of research at CoinShares, said Bitcoin had largely priced in the possibility of a Democratic sweep before the election, leaving room for a relief rally as uncertainty eased. CK Zheng, co-founder of crypto hedge fund ZX Squared Capital and former global head of risk at Credit Suisse, said monetary liquidity, institutional investment flows and broader investor appetite for risk were more immediate drivers of Bitcoin’s price. Zheng added that spot Bitcoin ETFs and corporate treasury holdings could broaden demand while also exposing BTC to institutional selling pressure. Trump-linked tokens also led crypto losses after the Democrats’ sweep in the US midterms.
Source: Read the original article
