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加密货币投资狂潮席卷美股! 比特币与以太坊ETF资金流入齐创新高

Cryptocurrency investment frenzy sweeps over the US stock market! Bitcoin and Ethereum ETFs see record-high inflows.

Zhitong Finance ·  11:11

Since Trump won the presidential election, the cryptocurrency market capitalization has increased by more than 1 trillion-dollar; market participants generally expect US regulators to shift to a more friendly stance.

The Zhitong Finance App learned that in the US stock market, exchange-traded funds that directly invest in Bitcoin and Ethereum (that is, Bitcoin ETF and Ethereum ETF) are enjoying unprecedented investment demand. This is due to Donald Trump, who is elected president of the US and will return to the White House in January, promised to lift the regulatory shackles of the cryptocurrency industry and promised to make the US a “cryptocurrency capital” and a “Bitcoin superpower.”

According to the latest capital inflow data compiled by the agency, all Bitcoin ETFs and Ethereum ETFs listed and traded on the US stock market both set historical records for monthly net capital inflows in November, at 6.5 billion US dollars and 1.1 billion US dollars, respectively. Among them, Bitcoin ETF capital inflows broke the 6 billion dollar record set in February, and the daily subscription volume for Ethereum ETFs reached a record high in a single day last Friday.

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Ethereum is the world's largest cryptocurrency by market capitalization after Bitcoin. Global capital's strong investment interest in Ethereum shows that speculative profit interest in cryptocurrencies has continued to expand after Trump won the US election on November 5.

However, judging from some indicators, calls for exposure to cryptocurrency asset allocation such as Bitcoin have not yet repeated the irrational fanaticism of the bubble during the pandemic, at least among retail investors. This also means that the investment frenzy in the cryptocurrency market is likely to continue.

“We have observed a trend in the cryptocurrency market where Bitcoin initially drove the price changes of popular cryptocurrencies, but it soared up and boosted all cryptocurrencies.” Caroline Bowler, CEO of BTC Markets Pty, said. She believes that based on the inflow of investors' funds into digital asset exchanges, market investment activity has not yet reached its peak.

On November 29, nine Ethereum ETFs achieved net capital inflows of up to $0.333 billion, thanks to the iShares Ethereum ETF issued by BlackRock, the world's largest asset management agency, and the Fidelity Ethereum ETF issued by Fidelity Investments, another asset management giant. Based on the size of ETF funds, BlackRock, Fidelity Investments, and Grayscale Investments LLC, a cryptocurrency investment company, are the largest ETF issuers of the two major cryptocurrency assets, Bitcoin and Ethereum.

Bitcoin reached the epic mark of 0.1 million US dollars for the first time last month. As of Monday morning, the transaction price of Bitcoin was hovering around $9,7880, while the transaction price of Ethereum was around $3,730. Since Trump's victory, Ethereum's price performance has improved. Up to now, it has surpassed Bitcoin, but it has yet to reach a record high like Bitcoin.

As the market anticipated that Trump would lift the US Securities and Exchange Commission (SEC) regulatory crackdown on the world's fourth-largest digital asset, the XRP token, there was a parabolic surge in XRP trading prices. Some investment firms are looking to launch an XRP exchange-traded fund (that is, seeking to launch an XRP ETF).

Trump recently vowed to abolish the Biden administration's crackdown on digital assets and introduce friendlier regulatory policies. The Republican leader also supports the establishment of a US strategic Bitcoin reserve. Trump used to be skeptical about cryptocurrencies, but as the industry raised funds for the campaign to further advance its interests, and his own recognition of the decentralized trading value of cryptocurrencies and the positive significance of driving the development of fintech, he quickly changed his attitude towards cryptocurrencies.

More importantly, some media revealed that Trump's core team is planning to set up a special senior position in the White House responsible for cryptocurrency policy for the first time. According to the US political community, whoever takes this position is the “cryptocurrency tsar,” that is, the highest-level person responsible for overseeing the federal government's related policies and industry regulation.

Judging by the latest news, the US federal government led by Trump may be planning to take the cryptocurrency industry to an unprecedented level. If the news that Trump plans to establish a “cryptocurrency tsar” is true, it will be the first time in the history of the White House that is solely responsible for cryptocurrencies, and will highlight the importance that the new US administration places on the development of the emerging cryptocurrency industry.

Additionally, outgoing SEC Chairman Gary Gensler (Gary Gensler) has always been critical of cryptocurrencies, and Trump may appoint pro-cryptocurrency financial industry professionals to take over from the SEC, paving the way for other cryptocurrency ETF offerings.

CoinGecko's statistics show that since Trump was elected President of the United States, the overall market capitalization of the cryptocurrency market has grown substantially by around $1.2 trillion. In 2022, digital assets such as Bitcoin were devastated, and some sharp high-risk practices and fraud were revealed, leading to a series of major negative events, such as the collapse of Sam Bankman Fried's FTX exchange empire. But for now, market participants' fanaticism about the new US administration under Trump supporting cryptocurrency trends has overshadowed people's memories of these risks.

The translation is provided by third-party software.


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