BlackRock BTC ETF Records Record Inflows as 'Trump Trade' Emerges in Markets
Bitget News - BlackRock's bitcoin fund recorded an unprecedented net inflow of funds as speculation surrounding the U.S. election sparked demand for bitcoin. About $872 million flowed into the iShares Bitcoin Trust exchange-traded fund on Wednesday, a one-day high, data showed. The inflows into the world's largest bitcoin fund at $31 billion indicate that Trump trades are flooding the market as we count down to Election Day on Nov. 5th.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitmine purchases another 33,504 ETH from FalconX, worth $112 million
The Federal Reserve's interest rate cut meets expectations, with a weakening labor market as the main reason.
Powell: The peak inflation rate may be a few tenths of a percentage point higher or lower than the current level