A recent Bloomberg report revealed that the U.S. Bitcoin ETFs have recorded about $10 billion in inflows since the November 5 elections and President-elect Trump’s win. The report highlighted that Trump’s pro-crypto stance and his promises to the crypto community encouraged more investments into the ETFs. The report added that investors also expected a crypto boom under Trump’s regulations. The report mentioned that several funds, including BlackRock and Fidelity, made net investments into BTC spot ETFs, reaching $9.9 billion. The ETFs are worth $113 billion, with IBIT, GBTC, and FBTC having the highest market caps of $55.87 billion, $49.80 billion, and $19.75 billion, respectively. More reports, including a recent OKG Research report, have highlighted a growing institutional investor interest in crypto and ETFs after Trump’s win. OKG Research recently noted that ETFs also hold about 55% of the current BTC in circulation since their introduction in January, which institutional investors are directing funds into. Source: Bloomberg Last week, Trump picked a known supporter of digital assets to head the U.S. Securities and Exchange Commission (SEC). He also hired the first White House official czar who dealt exclusively with artificial intelligence and cryptocurrency. Trump has also pledged to replace the current administration’s reluctant perception of digital assets with more liberal regulations. He even suggested there should be a national Bitcoin reserve . Once a sceptic of crypto, Trump came around when the industry-funded the efforts to support its agenda during the election campaign. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
