US Bitcoin, Ether ETFs log record inflows on Trump’s crypto embrace
The groups of Bitcoin and Ether ETFs each posted record monthly net inflows in November, $6.5 billion and $1.1 billion respectively, according to data compiled by Bloomberg. Friday’s daily Ether ETF subscriptions also hit an all-time peak.
The interest in Ether, the largest token after Bitcoin, points to widening speculative appetite for crypto following Trump’s US election victory on November 5. By some metrics, the clamor for exposure to digital assets has yet to reprise the mania of a pandemic-era bubble, at least among retail investors.
“We see a trend in crypto markets where Bitcoin initially drives price action, but the rising tide lifts all boats,” said Caroline Bowler, chief executive officer of BTC Markets Pty. She argued that activity isn’t peaking yet, based on the flow of investor money onto digital-asset exchanges.
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View Details»The nine Ether ETFs achieved a net inflow of $333 million on November 29, powered by BlackRock’s iShares Ethereum Trust and Fidelity Investments’ Ethereum Fund. BlackRock, Fidelity and crypto specialist Grayscale
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