Finance
Bitcoin ETFs Experience Surge of $1.38 Billion Following Trump's Victory
Record inflows into Bitcoin ETFs coincide with Trump's election win, reflecting newfound investor confidence.
1 min read
- Bitcoin exchange-traded funds (ETFs) in the U.S. recorded a significant $1.38 billion in net inflows following Donald Trump's election victory.
- BlackRock's IBIT led the inflow with over $1.1 billion, marking its highest performance since its launch in January.
- Total net inflows across all products exceeded $25 billion as no ETFs reported any outflows.
- Ethereum ETFs witnessed $78 million in inflows, reflecting optimism in decentralized finance (DeFi) driven by Trump's election outcomes.
