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.
"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.
Bitcoin Euphoria Threatens to Break These ETFs -- WSJ
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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.
Bitcoin Falls. How the Crypto's Trump Rally Fizzled Out. -- Barrons.com
Bitcoin Enters Consolidation Phase Following Post-election Rally