得益于美国当选总统特朗普承诺将实施一系列利好加密行业的政策，直接投资于比特币和以太坊的美国交易所交易基金（ETF）正享受着前所未有的需求。Source: Caixin.
Author: Bian Chun. ①As the competition for the election intensifies, US Vice President Kamala Harris opened an official TikTok account on Thursday; ②Some people believe that Harris's popularity on multiple social media platforms may be a signal of young Americans supporting Harris. ③As the competition for the election intensifies, US Vice President Kamala Harris opened an official TikTok account on Thursday. This highlights the importance of this popular social application as a way of reaching voters for the 2024 presidential election.
①Benefiting from the promise of the newly elected US President Trump to implement a series of bullish policies for the cryptocurrency industry, US ETFs directly investing in bitcoin and ethereum are enjoying unprecedented demand; ②According to data compiled by the media, in the just past November, monthly net inflows of funds for bitcoin and ethereum ETFs both reached record highs, reaching $6.5 billion and $1.1 billion respectively.
Thanks to the USA-elected President Trump promised to implement a series of bullish policies for the crypto industry, directly investing in bitcoin and ethereum exchange-traded funds (ETFs) in the USA are enjoying unprecedented demand.
According to data compiled by the media, in the past month of November, the net inflow of funds for bitcoin and ethereum ETFs reached record highs, totaling 6.5 billion dollars and 1.1 billion dollars respectively. Last Friday, the subscription volume for the ethereum ETF also hit a single-day historical high.
Ethereum is the second largest token after bitcoin, and interest in ethereum indicates that speculation about cryptos is expanding after Trump won the usa election on November 5. From certain indicators, the current investment craze in digital assets has not yet reached the fervor of the pandemic period, at least among retail investors.
Last Friday (November 29), at Blackrock $iShares Ethereum Trust ETF (ETHA.US)$ Under the leadership of BlackRock Investments. $Fidelity Ethereum Fund (FETH.US)$ With the support of BlackRock, 9 Ethereum ETFs achieved a net inflow of 0.333 billion US dollars.
Caroline Bowler, CEO of the digital asset exchange BTC Markets Pty, stated: "We are seeing a trend in the crypto market where bitcoin initially drives price movements, but the rising tide lifts all boats (cryptos)." She believes that based on the inflow of investor funds into digital asset exchanges, crypto trading activity has not yet peaked.
According to data from the cryptocurrency news website CoinDesk, as of the time of publication, bitcoin is trading at 97511 dollars. Since Trump won the usa election, the price of bitcoin has hit new highs. In recent days, bitcoin's price has faced resistance near the 0.1 million dollar mark due to a large number of profit-taking trades in the market.
Meanwhile, since Trump's victory, the price of ethereum has also risen significantly, even outperforming bitcoin, but has not yet hit a new high. Currently, ethereum is trading at around 3750 dollars.
Additionally, the fourth largest crypto globally$XRP (XRP.CC)$The price has recently experienced a parabolic rise, as investors anticipate that with Trump taking office, the Securities and Exchange Commission (SEC) of the United States will withdraw its crackdown on XRP. Some investment firms are seeking to launch XRP ETFs.
Unlike the Biden administration's crackdown on digital assets, Trump has vowed to establish a crypto-friendly regulatory body. He also supports the creation of a usa strategic bitcoin reserve and pledges to transform the usa into the "crypto capital." Trump was once a crypto skeptic, but his stance changed as the industry heavily backed his campaign.
According to crypto analysis firm CoinGecko, since Trump was elected president of the usa, the total market capitalization of cryptos has surged by approximately 1.2 trillion dollars.
Editor/Rocky
