Cryptocurrencies
US Bitcoin ETFs Head for Record Monthly Inflow on Trump Optimism
- The 12 funds have wooed a net $6.2 billion so far in November
- Bitcoin came close to $100,000 on Trump’s pro-crypto agenda
A group of one dozen US Bitcoin exchange-traded funds is on the cusp of a record monthly net inflow, bolstered by the digital asset’s historic surge toward $100,000 on President-elect Donald Trump’s embrace of crypto.
The ETFs from issuers including BlackRock Inc. and Fidelity Investments have attracted $6.2 billion so far in November, data compiled by Bloomberg show. The previous peak of $6 billion was achieved in February amid investor euphoria over the launch of the products at the start of the year.