Investors Throw Billions at Bitcoin and Ethereum ETFs Over Trump 'Euphoria'
As inflation concerns fade, Bitcoin and Ethereum ETFs have attracted billions in investments ahead of President Donald Trump's inauguration. A significant $2.2 billion was pulled into digital asset investment products last week alone, showcasing a renewed interest in cryptocurrencies. On the eve of his inaugural address, traders responded positively, pushing $1 billion in net inflows on a single Friday. The inflows were driven by market optimism regarding anticipated executive orders from Trump aimed at the crypto sector. Although Bitcoin's price fluctuated, closing close to $104,000, the overall investment trend remains positive. While Ethereum saw robust inflows, Solana investment products fell short compared to Bitcoin and Ethereum alternatives. This potentially indicates growing confidence in the impact of political leadership on cryptocurrency markets.
Source 🔗