Editor's PiCK
US Bitcoin Spot ETF Sees Nearly $10 Billion Inflows After Trump's Election Victory
Suehyeon Lee
Summary
- Approximately $10 billion has flowed into Bitcoin spot ETFs following Trump's election victory.
- Assets flowing into 12 Bitcoin ETFs, including BlackRock and Fidelity, have surpassed $9.9 billion.
- Trump appointed former SEC commissioner Paul Atkins, known for his pro-crypto stance.
Donald Trump's victory in the US presidential election has triggered a massive net inflow of funds into Bitcoin (BTC) spot ETFs.
On the 9th (local time), Bloomberg reported, "Nearly $10 billion has flowed into Bitcoin spot ETFs following Trump's election." This amounts to approximately 14 trillion won.
According to Bloomberg data, assets flowing into 12 Bitcoin ETFs, including BlackRock and Fidelity, have surpassed $9.9 billion since the US election. As a result, the assets under management of these asset managers have increased to $113 billion.
Meanwhile, Trump appointed former SEC commissioner Paul Atkins, known for his pro-crypto stance, as the chairman of the U.S. Securities and Exchange Commission (SEC) last week.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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