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

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

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.

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