Bitwise Strategist: Trump’s crypto-friendly cabinet is about to enter the White House, and investors are beginning to allocate funds to ETFs
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2025-01-08 10:02 9,994
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Golden Finance reported that Bitwise senior investment strategist Juan Leon said that investors have begun to allocate funds to spot cryptocurrency ETFs in anticipation of Trump’s pro-cryptocurrency government taking over the White House in less than two weeks, data shows that 2025 Spot Bitcoin and Ethereum ETFs have attracted a total of $1.75 billion in funds so far this year. Juan Leon added: “In terms of the regulatory agenda, we have seen that the Trump administration has selected a number of cabinet members, whether it is the Securities and Exchange Commission or the Treasury Department, who are pro-cryptocurrency people.” In addition, recent capital inflows Mainly focused on Fidelity FBTC rather than BlackRock, FBTC inflows reached $370 million on Monday, setting the third highest single-day inflow on record.