Since Trump's election victory, nearly 10 billion US dollars have flowed into the American Bitcoin ETF

According to Bloomberg, since Donald Trump was elected President of the United States, nearly $10 billion has flowed into US ETFs that directly invest in Bitcoin. People are betting that Trump's embrace of the cryptocurrency industry will signal a market boom. According to data compiled by Bloomberg, these dozen or so funds launched by issuers including BlackRock Inc. and Fidelity Investments attracted about $9.9 billion in net inflows after Election Day on November 5th, helping increase the group's total assets to approximately $113 billion.