• 34ºc, Sunny

Bloomberg: US Bitcoin ETF Inflows Close to $10 billion Since Trump Win

US exchange traded funds (ETFs) that invest in direct bitcoin have attracted nearly $10 billion in inflows since Trump was elected US president, according to Bloomberg, amid bets that Trump's embrace of the cryptocurrency industry will herald a market boom. According to Bloomberg data, 12 funds launched by issuers including BlackRock Inc. and Fidelity Investments have accumulated net inflows of about $9.90 billion, bringing their total assets to about $113 billion.