Bitcoin ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts

Bitcoin (BTC) exchange-traded funds (ETFs) listed in the U.S. logged a record $1.38 billion in net inflows on Thursday, a day after Republican Donald Trump won the U.S. presidency.

BlackRock’s IBIT took on over $1.1 billion in net inflows, the most among all products, and its highest-ever since going live in January. Cumulative net inflows across all products crossed $25 billion for the first time. None of the twelve ETFs showed any net outflows.

Ether (ETH) ETFs logged $78 million in net inflows on renewed bullishness for the decentralized finance (DeFi) space following Trump’s victory. ETH rose more than 10% on Thursday as expectations of pro-crypto policies and deregulation in a Trump regime boosted investor confidence in the asset.

BTC trades above $76,000 in Asian morning hours Friday, up nearly 10% over the past week. In line with analyst expectations, the Federal Reserve cut rates by 25 basis points on Thursday in a move that typically supports risk assets like bitcoin by increasing liquidity and weakening the dollar.

İlginizi Çekebilir:Galaxy Digital Gets SEC Nod for U.S. Listing, Eyes Nasdaq Debut in May
share Paylaş facebook pinterest whatsapp x print

Benzer İçerikler

Crypto Venture Capital Funding to Rise This Year, Won’t Hit Previous Highs: JPMorgan
What Does a 60/40 Portfolio Look Like if We Replace Bonds With Bitcoin, a Lot Better: Van Straten
French Prosecutors Expand Money Laundering, Tax Fraud Probe Against Binance: Reuters
Riot Platforms Hits Post-Halving Bitcoin Production High as It Expands AI Capacity

Brazil’s Largest Bank Itaú Unibanco Mulls its Own Stablecoin
This Crypto Fund Blew Past Bitcoin’s 121% Price Gain in 2024
Mariobet Resmi | © 2024 |
404 Not Found

404

Not Found

The resource requested could not be found on this server!


Proudly powered by LiteSpeed Web Server

Please be advised that LiteSpeed Technologies Inc. is not a web hosting company and, as such, has no control over content found on this site.