According to Bloomberg, since Trump was elected President of the United States, Exchange Traded Funds (ETFs) in the US that directly invest in Bitcoin have attracted nearly $10 billion in capital inflows. People are betting 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 seen a net inflow of about $9.9 billion, increasing their total assets to approximately $113 billion.