US Bitcoin ETFs See $10 Billion Investment Since Trump’s Win

Bitcoin has experienced its longest weekly winning run since 2021, with investors putting nearly $10 billion into US exchange-traded funds (ETFs) that directly invest in the cryptocurrency. This influx of capital follows Donald Trump’s election as president-elect and reflects expectations of a crypto boom under his administration. The 12 ETF issuers, including BlackRock Inc. and Fidelity Investments, have attracted approximately $9.9 billion in net inflows, increasing their total assets to around $113 billion, according to data compiled by Bloomberg.

Source: https://www.bloomberg.com/news/articles/2024-12-09/us-bitcoin-btc-etf-inflows-near-10-billion-since-trump-election-win