Bitcoin ETFs and crypto stocks notch $38bn in trading volume as investors chase ‘a little excitement’ – DL News
- Bitcoin topped $89,000 in all-time high on Tuesday.
- Bitcoin ETFs and crypto stocks pumped along with the top cryptocurrency after Trump victory.
- Analyst says Bitcoin ETFs could eclipse value of gold ETFs by some margin.
Bitcoin at $89,000. Whew.
This is what a historic boom feels like. Or as Eric Balchunas put it, “Volmageddon.”
Thanks to Donald Trump’s victory last Tuesday, Bitcoin ETFs and crypto stocks such as MicroStrategy and Coinbase are chasing the top cryptocurrency with records of their own.
The two asset classes have recorded an unprecedented $38 billion in trading volume so far this week, according to Bloomberg data.
On Monday, Balchunas, the senior ETF analyst at Bloomberg, said investors are “looking for a little…
