Reported 25 days ago
Investors are investing heavily in bitcoin-tracking ETFs ahead of the upcoming U.S. elections, anticipating potential volatility in the cryptocurrency market. Notably, the iShares Bitcoin Trust ETF experienced its largest one-day inflow since its launch, driven by speculation about a potential return of GOP candidate Donald Trump. With polls indicating a competitive race against Democrat Kamala Harris, both traders and analysts foresee price fluctuations amid possible pro-crypto legislation post-election.
Source: YAHOO