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BlackRock BTC ETF Records Record Inflows as 'Trump Trade' Emerges in Markets

BlackRock BTC ETF Records Record Inflows as 'Trump Trade' Emerges in Markets

Bitget2024/10/31 10:08

Bitget News - BlackRock's bitcoin fund recorded an unprecedented net inflow of funds as speculation surrounding the U.S. election sparked demand for bitcoin. About $872 million flowed into the iShares Bitcoin Trust exchange-traded fund on Wednesday, a one-day high, data showed. The inflows into the world's largest bitcoin fund at $31 billion indicate that Trump trades are flooding the market as we count down to Election Day on Nov. 5th.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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