Crypto ETFs Register Significant Inflows as Traders Prep for Volatility
A growing number of investors are putting money into Bitcoin-tracking funds in anticipation of former President Donald Trump’s possible comeback to the presidency. They are optimistic about the cryptocurrency’s future, despite expecting some turbulence in Bitcoin prices during election week. According to data analysis and news source The Block, ETFs tracking spot Bitcoin prices experienced a significant inflow of $917.2 million on October 30, the biggest one-day influx since March. BlackRock’s iShares BTC Trust ETF, known as the largest asset-managed Bitcoin spot fund, gained net flows amounting to $872 million—its biggest one-day influx since its inception in January 2024. Bitcoin…