Cryptocurrencies
US Bitcoin, Ether ETFs Log Record Inflows on Trump’s Embrace of Crypto
- Crypto market up over $1 trillion since Trump’s election win
- Traders expect US regulators to pivot to a friendlier stance
US exchange-traded funds investing directly in Bitcoin and Ether are enjoying unprecedented demand, buoyed by President-elect Donald Trump’s pledge to unfetter the crypto industry from regulatory shackles.
The groups of Bitcoin and Ether ETFs each posted record monthly net inflows in November, $6.5 billion and $1.1 billion respectively, according to data compiled by Bloomberg. Friday’s daily Ether ETF subscriptions also hit an all-time peak.