Since Election Day, bitcoin exchange-traded funds (ETFs) have garnered the attention of Wall Street investors who seem convinced that President-elect Donald Trump will be able to bring regulatory clarity to push the bitcoin industry to new heights. The companies offering these investment tools have registered inflows of close to $10 billion since November 5, boosting the value of the whole sector to nearly $113 billion, according to Bloomberg numbers. Bitcoin recently passed the $100K mark, showing there is an increased demand for the prime cryptocurrency that is now being profiled as a possible reserve asset by several world governments
Trump Effect: Bitcoin ETFs Attract $10 Billion Inflows Since Election Day
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WRITTEN BYBitcoin.com News DeskEditorial Desk Reporter
The Bitcoin.com News Desk publishes timely reporting on market developments, protocol updates, regulatory changes, and industry announcements across the cryptocurrency sector.
