Crypto ETF see big inflow ahead of US election traders brace for volatility
Sat, Nov 2, 2024 1:15 PM

Crypto ETF see big inflow ahead of US election traders brace for volatility

A Flip by Avya Verma
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Investors have plowed money into funds tracking bitcoin, betting on a return of Republican Donald Trump to the White House even as they expect wild price swings in the world’s largest cryptocurrency during the election week, data showed. Exchange-traded funds (ETF) tracking the spot price of bitcoin notched net inflows of $917.2 million on Wednesday, the biggest one-day increase since March.

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