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Coin Edition 2024-11-29 17:30:00

Trump’s Crypto-Friendly Stance Sparks $6.2B ETF Inflows in November

Trump’s Crypto-Friendly Stance Sparks $6.2B ETF Inflows in November

Bitcoin ETFs hit record $6.2B inflows in November, fueled by Trump’s pro-crypto stance. Regulatory shift expected as SEC Chair Gensler exits, paving way for crypto-friendly policies. Institutional investors drive ETF growth, nearing 1M BTC holdings amid rising market confidence. The U.S. market for Bitcoin ETFs is expanding, fueled by investor optimism about President-elect Donald Trump’s crypto policies. According to a Bloomberg report , Bitcoin ETFs led by BlackRock Inc. and Fidelity Investments saw record inflows of $6.2 billion in November, surpassing the previous high of $6 billion in February. This surge mirrors Bitcoin’s price performance, which briefly neared $100,000 before settling at $96,400. The cryptocurrency has more than doubled in value this year, outpacing traditional assets like global equities and gold. Regulatory Change Sparks Market Optimism Market sentiment has shifted due to expectations of a regulatory overhaul under the Trump administration. Trump has pledged to reverse perceived restrictions from the Biden era, promising pro-crypto policies and the establishment of a U.S. Bitcoin reserve to promote adoption. Reports … The post Trump’s Crypto-Friendly Stance Sparks $6.2B ETF Inflows in November appeared first on Coin Edition .

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