Summary
- The US Bitcoin spot ETF has reportedly set a record for the largest monthly inflow in history.
- It was reported that this is due to the rapid rise of Bitcoin following Donald Trump's US presidential candidacy.
- It is expected that it will be easier for companies and institutions to own Bitcoin under the Trump administration.
The US Bitcoin (BTC) spot ETF has set a record for the largest monthly inflow in history. This is attributed to the effects of Donald Trump's US presidential candidacy, which has rapidly elevated Bitcoin.
According to Bloomberg on the 28th (local time), the Bitcoin spot ETF launched by BlackRock, Fidelity, etc., recorded an inflow of $6.2 billion in November. The previous high was $6 billion in February.
Josh Gilbert, an eToro market analyst, stated, "In the future, it will be easier for companies and institutions to own Bitcoin under the Trump administration. Capital inflows into ETFs will also continue."
On the other hand, Bitcoin is trading at $9,590, down 0.4% from the previous day, in the Tether (USDT) market.
Doohyun Hwang
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