From $100K Bitcoin to $10B ETF Inflows: U.S. Post-Election Trends

Bitcoin ETFs gained $10B post-election, raising total assets to $113B with institutions. Pro-crypto regulatory shifts hint at supportive policies under the new administration. Bitcoin hits $100K, while Ether ETFs see $2B inflows, outpacing Bitcoin gains. Following the U.S. presidential election, Bitcoin exchange-traded funds (ETFs) experienced a surge in capital inflows, signaling increased institutional interest in these investment products. Data compiled since Election Day, November 5, reveals nearly $10 billion in net subscriptions into Bitcoin ETFs. Almost $10 billion has poured into US Bitcoin ETFs since Donald Trump became president-elect, in a bet that his embrace of the cryptocurrency sector heralds a boom for the market https://t.co/MQj2jCaEyR — Bloomberg Crypto (@crypto) December 9, 2024 According to information acquired by Bloomberg, top issuers like BlackRock Inc. and Fidelity Investments contributed to these inflows, with Bloomberg reporting a combined net inflow of $9.9 billion since the election outcome. The influx pushed the sector’s total assets to $113 billion, underscoring Bitcoin ETFs’ growing significance. Record-Breaking Inf… The post From $100K Bitcoin to $10B ETF Inflows: U.S. Post-Election Trends appeared first on Coin Edition .

Source: Coin Edition