On November 28, the Financial Associated Press reported (Editor Hu Jiarong) that recently, there has been more bullish news in the cryptocurrency market. Cryptocurrency supporter Paul Atkins has become a popular candidate for the chairman of the SEC in the usa. This news has boosted the prices of digital assets such as bitcoin and ethereum.

As of the release of this news, bitcoin and ethereum have risen by 4.67% and 9.87% respectively, priced at $96,235.90 and $3,635.63.

The trend of crypto assets has further boosted the rise of related concept stocks and etfs in the hong kong stock market. As of the time of writing,$BOYAA (00434.HK)$、$LINEKONG (08267.HK)$Increased by 9.23% and 8.2% respectively.

The digital currency etf also saw an increase during the same period. As of the time of writing, $ChinaAMC Ether ETF (03046.HK)$、$Harvest Ether Spot ETF (03179.HK)$ 、$Bosera HashKey Ether ETF (03009.HK)$Increased by 6.35%, 6.29%, and 6.26% respectively.

Supporters of digital currency are expected to become the SEC chair.

Reports indicate that the transition team for the newly elected president of the usa, Trump, has met with veteran financial regulatory expert and well-known conservative figure Paul Atkins to consider him as a potential candidate for the leadership of the usa Securities and Exchange Commission (SEC).

According to informed sources, Atkins is a strong contender to replace the outgoing SEC chair Gary Gensler, although they were not authorized to publicly discuss the matter. Trump is expected to make a final decision soon, but no conclusion has been reached yet.

Paul Atkins served as a Republican commissioner of the SEC during the Bush administration and after leaving, founded Patomak Global Partners, a company that provides consulting services to giants in the financial industry. Atkins is a staunch supporter of digital currency and fintech companies and has testified before Congress on how to optimize the operation of the agency and reduce regulations perceived by some in the industry as redundant or overly complex.

The asset management scale of the bitcoin etf has surpassed 100 billion dollars.

Meanwhile, the asset management scale of bitcoin etfs has reached an important milestone. As the price of bitcoin continues to set new highs, approaching 0.1 million dollars, the asset management scale (AUM) of the usa exchange-traded fund (ETF) directly investing in bitcoin first exceeded 100 billion dollars this Thursday.

According to industry statistics, Blackrock's iShares bitcoin trust fund (IBIT) maintains a leading position in the spot bitcoin etf market, having attracted up to 30 billion dollars in inflow since this January.

Cointelegraph Research points out that since Trump's victory in the USA presidential election, the cryptocurrency market has seen a significant surge, and many believe this will have a bullish impact on the crypto industry.

Editor / jayden