The American spot exchange-traded funds (ETFs) have seen a surge in demand and price jumps following Donald Trump’s election win. Data from CoinShares shows that investors have been interested in crypto products, investing nearly $2 billion in investment funds with exposure to digital assets. The interest was mainly focused on the Bitcoin ETFs approved by the Securities and Exchange Commission (SEC) in January.
These funds, managed by companies like Fidelity, BlackRock, and Grayscale, allow investors to buy shares that track the price of Bitcoin. According to CoinShares, the total amount of assets under management (AUM) for these funds reached an all-time high of $116 billion. Investors also showed interest in Ethereum, investing $157 million into funds worldwide.
The interest in crypto products and funds has risen since Trump’s election, who is known for his support for the Bitcoin and digital asset industries.
