Chair

Change

BlackRock

<ul class="wp-block-list news-points">
 <li>Bitcoin ETFs hit record $6.2B inflows in November, fueled by Trump’s pro-crypto stance.</li>
 <li>Regulatory shift expected as SEC Chair Gensler exits, paving way for crypto-friendly policies.</li>
 <li>Institutional investors drive ETF growth, nearing 1M BTC holdings amid rising market confidence.</li>
</ul>
The U.S. market for Bitcoin ETFs is expanding, fueled by investor optimism about President-elect Donald Trump’s crypto policies.
According to a Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-11-29/us-bitcoin-btc-etfs-head-for-record-monthly-inflow-on-trump-optimism?embedded-checkout=true" target="_blank" rel="noopener noreferrer nofollow">report</a>, Bitcoin ETFs led by BlackRock Inc. and Fidelity Investments saw record inflows of $6.2 billion in November, surpassing the previous high of $6 billion in February.
This surge mirrors Bitcoin’s price performance, which briefly neared $100,000 before settling at $96,400. The cryptocurrency has more than doubled in value this year, outpacing traditional assets like global equities and gold.
<h2 class="wp-block-heading" id="h-regulatory-change-sparks-market-optimism">Regulatory Change Sparks Market Optimism</h2>
Market sentiment has shifted due to expectations of a regulatory overhaul under the Trump administration. Trump has pledged to reverse perceived restrictions from the Biden era, promising pro-crypto policies and the establishment of a U.S. Bitcoin reserve to promote adoption.
<a href="https://www.sec.gov/newsroom/press-releases/2024-182" target="_blank" rel="noopener noreferrer nofollow">Reports …</a>
The post <a href="https://coinedition.com/trumps-crypto-friendly-stance-sparks-6-2b-etf-inflows-in-november/" rel="noopener noreferrer nofollow">Trump’s Crypto-Friendly Stance Sparks $6.2B ETF Inflows in November</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Trump’s Crypto-Friendly Stance Sparks $6.2B ETF Inflows in November

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