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Bitcoin ETFs Attracted Record $6.2B in November Amid Trump’s Crypto Optimism

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2 hours ago

The U.S. market for Bitcoin ETFs is expanding amid investor optimism regarding President-elect Donald Trump's crypto policies. November saw record inflows into Bitcoin ETFs.

Rising Popularity of Bitcoin ETFs

According to a Bloomberg report, 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.

Regulatory Changes and Their Impact

The anticipation of regulatory changes has bolstered market optimism, with Trump pledging to reverse restrictions from the previous administration and establish a U.S. Bitcoin reserve.

Trump has pledged to reverse restrictions from the Biden era, promising crypto-friendly policies.

Institutional Investor Optimism

Institutional investors drive ETF growth, nearing 1 million BTC holdings amid rising market confidence. This trend mirrors Bitcoin’s price performance, which has more than doubled this year.

The surge in Bitcoin ETF investments, amid forthcoming regulatory changes and Trump's economic strategy, reflects increasing confidence in cryptocurrency markets among institutional investors.

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