PANews reported on November 8 that Eric Balchunas, senior ETF analyst at Bloomberg, posted on the social platform that "Bitcoin ETFs had a net inflow of $1.4 billion yesterday, a record high (affected by the 'Trump effect'). Among them, IBIT had a single-day inflow of $1.1 billion. The total inflow in the past month reached $6.7 billion, and the inflow since the beginning of the year has reached $25.5 billion. About 18,000 bitcoins were bought in a single day (compared to the 450 mined on the same day). The total holdings of US Bitcoin spot ETFs have now reached more than 93% of the 1.1 million bitcoins held by Satoshi Nakamoto."