Exchange-traded funds (ETFs) investing in Bitcoin and Ether in the US have experienced record-breaking demand, fueled by President-elect Donald Trump’s pro-crypto stance. In November alone, Bitcoin ETFs logged $6.5 billion in net inflows, while Ether ETFs recorded $1.1 billion, according to Bloomberg data.
Trump’s promise to roll back the Biden administration’s stringent crypto regulations has reinvigorated investor interest in digital assets. Notably, Ether ETFs such as BlackRock’s iShares Ethereum Trust and Fidelity Investments’ Ethereum Fund reported significant inflows, with a combined $333 million pouring in on November 29.
Bitcoin has surged close to the $100,000 mark, trading at $96,326 early Monday, while Ether has outperformed Bitcoin since Trump’s victory, trading at $3,672. The XRP token also saw dramatic gains, with investors optimistic about a potential reversal of past regulatory actions under a Trump administration.
Caroline Bowler, CEO of BTC Markets Pty, observed a broader speculative appetite across crypto markets, with Bitcoin’s gains lifting the entire sector. Meanwhile, Ether’s dominance in bullish options reflects growing confidence in its potential.
The crypto market has added $1.2 trillion in value since Trump’s election win, signaling renewed optimism despite lingering memories of the 2021 market crash. Trump’s pledge to establish a US strategic Bitcoin reserve and appoint crypto-friendly regulators marks a stark turnaround from his earlier skepticism, further energizing the digital asset ecosystem.
