The crypto world is on fire after U.S. President-elect Donald Trump signaled robust support for digital assets. In a record-breaking move, Bitcoin exchange-traded funds saw a single-day net inflow of $1.38 billion, with BlackRockâs iShares Bitcoin Trust (IBIT) capturing 81% of Thursdayâs massive wave. Bitcoin surged to a fresh all-time high of $76,956, marking its position as the ultimate âTrump trade.â
Investors are rushing into Bitcoin, betting on Trumpâs promises to position the U.S. as the global leader in crypto innovation. Caroline Bowler, CEO of BTC Markets, warned of a âfeedback loopâ that could push Bitcoin prices even higher as ETF inflows grow.
With Bitcoin already up 80% this year, Trumpâs pro-crypto policies have ignited a new level of enthusiasm and optimism in the market. As the industry watches for the incoming administrationâs next moves, one thing is clear: Bitcoinâs status as a digital asset powerhouse is stronger than ever.
Bitcoin ETFs Hit Record $1.38 Billion as Trumpâs Pro-Crypto Stance Sparks Massive Inflows! was originally published in The Capital on Medium, where people are continuing the conversation by highlighting and responding to this story.