Market Reacts To Trump’s Crypto Support: Almost $10 Billion Invested In US Bitcoin ETFs

Dec. 10, 2024, 9 a.m. 1 week, 5 days ago

Market Reacts To Trump’s Crypto Support: Almost $10 Billion Invested In US Bitcoin ETFs. Since Donald Trump became president-elect a little more than a month ago, roughly $10 billion has flooded into US spot Bitcoin ETFs, showing growing optimism that his administration will support the cryptocurrency industry. According to Bloomberg, a dozen funds from big issuers including BlackRock and Fidelity Investments have received …

Who, What & Where

Bitcoin

The first decentralized digital currency, created by an unknown person or group …

MicroStrategy

MicroStrategy, an enterprise software and business intelligence company led by CEO Michael …

BlackRock

BlackRock, the world's largest asset manager, has exhibited a cautious yet evolving …

Riot

Riot Blockchain, primarily known for Bitcoin mining, focuses on building and supporting …

Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) plays a critical role in …

Fidelity

Fidelity Investments is a multinational financial services corporation based in Boston, Massachusetts. …