U.S. Bitcoin Spot ETFs Attract $10 Billion Since Trump’s Election

Column

December 9, 2024 12:21 PM

In Brief:
Nearly $10 billion flowed into U.S. Bitcoin spot ETFs since Election Day, November 5.
Funds from issuers like BlackRock and Fidelity drove total assets to $113 billion.

Since Donald Trump’s election as president, Bitcoin spot ETFs in the U.S. have seen massive net inflows, totaling nearly $10 billion, according to Bloomberg data. The funds, launched by issuers including BlackRock and Fidelity, have gained significant traction as investors flock to Bitcoin as a key digital asset.

The total assets under management (AUM) for these funds have surged to $113 billion, signaling robust interest in regulated Bitcoin investment products. The inflows highlight growing institutional confidence in Bitcoin as a financial instrument, despite ongoing market volatility

The influx of funds into Bitcoin spot ETFs reflects increasing adoption of crypto by institutional investors. This trend may further bridge the gap between traditional finance and digital assets, boosting Bitcoin's legitimacy in global markets.

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