Ethereum ETFs are also seeing more action lately, and there’s growing excitement about the potential approval of Solana ETFs, as many speculate on regulatory changes.

Bitcoin ETFs in the U.S. are hitting new highs, especially after Donald Trump’s re-election as President, which pushed Bitcoin to record-breaking levels. These ETFs have now set several new records.

Recent data from November 7 highlights that Thursday was a significant day for Bitcoin ETFs, with the largest inflows ever recorded for both all Bitcoin funds combined and BlackRock’s IBIT fund in particular.

All Bitcoin ETFs combined saw a massive $1.37 billion USD in net inflows. BlackRock’s IBIT alone brought in an impressive $1.12 billion USD during that day. Right now, these funds hold nearly 5% of the total Bitcoin supply. BlackRock’s IBIT accounts for more than 2% of this, holding around 446,000 BTC.

According to Bloomberg’s Senior ETF Analyst, Eric Balchunas, while he expected strong activity, the size of the inflows took him by surprise. Incredibly, $1 billion USD of IBIT’s inflow happened within just the first 20 minutes of trading.

Pav Hundal, lead market analyst at the Australian crypto exchange Swyftx, commented that conditions couldn’t be better at this time. He pointed out that Bitcoin ETFs are “buying Bitcoin at twice the rate it’s being created,” which could spark a broader rally in the crypto market soon.

At the same time, Ethereum ETFs in the U.S. had a solid trading day as well. These Ether funds, which had lost a bit of steam recently, saw $79.7 million USD in net inflows—the third-largest day since they started trading back in July 2024.

While these inflows don’t match those of Bitcoin ETFs (since Bitcoin has a much bigger market cap), it’s still a major boost for Ethereum as the second-largest cryptocurrency.

Now, everyone is wondering if the U.S. Securities and Exchange Commission (SEC) will approve Solana ETFs next. There’s also speculation about whether Gary Gensler will still be heading the SEC or whether he might move into another crypto-related role.