Spot bitcoin ETFs attracted record-breaking inflows of nearly $1.4 billion on Thursday, with BlackRock’s iShares Bitcoin Trust (IBIT) collecting more than $1.1 billion of the total, according to U.K.-based asset manager Farside Investors.

The surge coincided with bitcoin reaching an all-time high of $76,943, as investors continued to pour money into cryptocurrency funds following the presidential victory of Donald Trump, the favored candidate of the crypto industry. Bitcoin pared some of those gains on Friday to trade near $76,300 but was still up more than 10% since election day.

The massive influx marks a sharp reversal from earlier in the week when investors pulled over $712.8 million from spot bitcoin ETFs ahead of what was expected to be a historically close U.S. election.

IBIT’s inflows on Thursday led the surge, while other funds also notched notable gains. The Fidelity Wise Origin Bitcoin Fund (FBTC) attracted $190.9 million, according to Farside data.

The ARK 21Shares Bitcoin ETF (ARKB) generated $17.6 million in inflows, while the Bitwise Bitcoin ETF (BITB) added $13.4 million.

“Bitcoin ETFs took in a record-smashing $1.4b yesterday (the Trump effect),” Eric Balchunas, Senior ETF Analyst at Bloomberg wrote in an X post. “All told they feasted on about 18k btc in one day (vs 450 mined) and are now 93% of the way to passing Satoshi's 1.1mil btc.”

Year-to-date inflows for spot bitcoin ETFs now total $25.5 billion, according to Farside data. IBIT has led year-to-date flows with $27.1 billion since its debut, while FBTC has followed with $10.7 billion.

Spot Ethereum funds, which debuted in July, had their third best day with $79.7 million in inflows, as the price of its underlying asset, the ether token, rose by more than 8% at different points, according to crypto markets data provider CoinMarketCap. BlackRock’s iShares Ethereum Trust (ETHA) and the Fidelity Ethereum Fund (FETH) led with inflows of $23.7 million and $28.9 million, respectively.

The VanEck Ethereum ETF (ETHV) gathered $12.7 million, while the Grayscale Ethereum Mini Trust (ETH) added $5.5 million in new assets.

Ether was recently changing hands at over $2,930, up almost 2.4% over the past 24 hours.

Total year-to-date flows for Ethereum ETFs remain negative, with $410.1 million in outflows, largely due to the more than $3.1 billion in outflows from the Grayscale Ethereum Trust (ETHE) since its conversion. It carries a 2.5% expense ratio, the highest for these funds.

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