US Bitcoin, Ether ETFs Log Record Inflows on Trump’s Embrace of Crypto
Written by Black Hot Fire Network on December 2, 2024
(Bloomberg) -- 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.
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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.
The interest in Ether, the . . .
