Odaily Planet Daily News Agency reports that Aya Kantorovich, co-founder of the encryption platform August, said that many people “build their expectations on a more favorable U.S. government (encryption regulatory environment)”. She added that this optimism is reflected in the demand for investment digital asset exchange traded funds.
As of last Sunday, Bitcoin has consolidated its seven-week uptrend, the longest since 2021. However, the recent uptrend has slowed down, which may indicate that a ‘pullback may be imminent’, wrote Tony Sycamore, a market analyst at IG Australia Pty, in a report.
Since November 5th, after Trump’s victory in the presidential election, the U.S. ETF directly invested in Bitcoin has attracted a net inflow of $12.2 billion. During the same period, similar products for Ethereum saw a net inflow of $2.8 billion. (Bloomberg)
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
