US Bitcoin, Ether ETFs Log Record Inflows on Trump’s Embrace of Crypto
(Bloomberg) — US exchange-traded funds investing directly in Bitcoin and Ether are enjoying unprecedented demand, buoyed by President-elect Donald Trump’s pledge to unfetter the crypto industry from regulatory shackles.
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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 Nov. 5. By some metrics, the clamor for exposure to digital assets has yet to reprise the mania of a…
