The crypto circle "Trump rally" continues! The monthly inflow of funds into the USA Bitcoin etf hits a record high.
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.
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"Good news in the cryptocurrency circle? Coinbase executives: After Trump takes office, the crypto bill will be quickly approved."
①Coinbase's Chief Policy Officer expects that after Trump takes office, the US Congress will quickly pass legislation regulating the cryptos industry, as the Republicans control both houses and Trump supports cryptos; ②The US Congress is currently considering two key cryptos legislation: the '21st Century Financial Innovation and Technology Act' has been passed by the House of Representatives, while the 'Payment Stablecoin Clarity Act' is awaiting a vote in the House of Representatives.
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Two bitcoin ETF options with volume entered the top 20 ETFs, last Friday, BITO options traded 4.0783 million contracts, surpassing QQQ to take second place.