Bitcoin ETFs and Ethereum ETFs recorded monthly net inflows of $6.50 billion and $1.10 billion, respectively, in November, according to data compiled by Bloomberg. Daily subscriptions for Ethereum ETFs also hit record highs on Friday. Since Trump's victory, the cryptocurrency market has jumped by about $1.20 trillion in market capitalization, according to CoinGecko. The rally is diluting painful memories of the fraud and risky practices exposed in the 2021 cryptocurrency boom.
The interest in Ethereum, the largest token after Bitcoin, suggests that the speculative appetite for cryptocurrencies is expanding following Trump's victory in the US election on November 5. By some measures, at least among retail investors, the appetite for digital assets has not yet reached the fever pitch of the COVID-19 pandemic-era bubble.
Crypto Market Grows About $1.20 trillion After Trump Win, Speculative Appetite Still Expanding
2024-12-02 03:54:19
According to Bloomberg Exchange Data Bitcoin ETF Ethereum ETF 11desk3cryptocurrencydesktopCrypto News
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