Since Trump's election victory, nearly 10 billion US dollars have flowed into the American Bitcoin ETF

Bitget App

Trade smarter

Bitget2024/12/09 04:43

According to Bloomberg, since Donald Trump was elected President of the United States, nearly $10 billion has flowed into US ETFs that directly invest in Bitcoin. People are betting that Trump's embrace of the cryptocurrency industry will signal a market boom. According to data compiled by Bloomberg, these dozen or so funds launched by issuers including BlackRock Inc. and Fidelity Investments attracted about $9.9 billion in net inflows after Election Day on November 5th, helping increase the group's total assets to approximately $113 billion.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Trending news

U.S. stocks closed three hours early due to the Thanksgiving holiday, with the three major indexes collectively rising for the fifth consecutive trading day.

Data: If ETH falls below $2,886, the cumulative long liquidation intensity on major CEXs will reach $1.206 billions