Home
$10 Billion Cash Flows into Bitcoin Funds Since Trump Win
Money and business
Economy News - Follow-up
[rtl]US exchange-traded funds that invest directly in Bitcoin have inflowed nearly $10 billion since Donald Trump won the US election.[/rtl]
[rtl]This comes in a bet that his embrace of the crypto sector heralds a boom in the market.[/rtl]
[rtl]The 10 issuers, including BlackRock and Fidelity Investments, attracted about $9.9 billion in net inflows in the period following Election Day on Nov. 5, according to a report published by Bloomberg.[/rtl]
[rtl]Last week, Trump tapped a digital asset advocate to be the head of the U.S. Securities and Exchange Commission, and appointed the first White House czar for artificial intelligence and cryptocurrencies.[/rtl]
[rtl]Trump has pledged to replace the Biden administration’s skepticism about digital assets with supportive rules, even backing the idea of a national strategic reserve for Bitcoin.[/rtl]
[rtl]Bitcoin hits record high[/rtl]
[rtl]Bitcoin crossed the $100,000 mark for the first time on December 5.[/rtl]
[rtl]The cryptocurrency's six-week winning streak is the longest since the cryptocurrency's wild rallies of 2021.[/rtl]
[rtl]Bitcoin has been hit by volatility a day after the currency hit a historic high of $100,000.[/rtl]
[rtl]The volatility briefly sent the largest digital asset down to around $92,000, a drop that sparked some caution.[/rtl]
[rtl]A “sustainable and decisive” push past $100,000 may require more positive catalysts to emerge, David Lawant, head of research at major crypto broker FalconX, wrote in a note.[/rtl]
83 views
Added 12/09/2024 - 10:10 AM
https://economy-news.net/content.php?id=50679
Money and business
Economy News - Follow-up
[rtl]US exchange-traded funds that invest directly in Bitcoin have inflowed nearly $10 billion since Donald Trump won the US election.[/rtl]
[rtl]This comes in a bet that his embrace of the crypto sector heralds a boom in the market.[/rtl]
[rtl]The 10 issuers, including BlackRock and Fidelity Investments, attracted about $9.9 billion in net inflows in the period following Election Day on Nov. 5, according to a report published by Bloomberg.[/rtl]
[rtl]Last week, Trump tapped a digital asset advocate to be the head of the U.S. Securities and Exchange Commission, and appointed the first White House czar for artificial intelligence and cryptocurrencies.[/rtl]
[rtl]Trump has pledged to replace the Biden administration’s skepticism about digital assets with supportive rules, even backing the idea of a national strategic reserve for Bitcoin.[/rtl]
[rtl]Bitcoin hits record high[/rtl]
[rtl]Bitcoin crossed the $100,000 mark for the first time on December 5.[/rtl]
[rtl]The cryptocurrency's six-week winning streak is the longest since the cryptocurrency's wild rallies of 2021.[/rtl]
[rtl]Bitcoin has been hit by volatility a day after the currency hit a historic high of $100,000.[/rtl]
[rtl]The volatility briefly sent the largest digital asset down to around $92,000, a drop that sparked some caution.[/rtl]
[rtl]A “sustainable and decisive” push past $100,000 may require more positive catalysts to emerge, David Lawant, head of research at major crypto broker FalconX, wrote in a note.[/rtl]
83 views
Added 12/09/2024 - 10:10 AM
https://economy-news.net/content.php?id=50679
» Localization.. Signs of positive development to support the national economy
» Experts call for activating the agriculture and industry sectors
» The Central Bank of Iraq directs banks to spread and expand their financial services
» Al-Sudani: British exports to Iraq exceeded $1 billion in 2024, and its companies concluded contrac
» Above $80.. New rise in oil prices
» Coordination Framework announces agreement to move forward with budget amendments to achieve "social
» I regret to inform you after 20 yrs of postings
» Central Bank of Iraq sells over $1.16 billion in foreign currency
» Iraq-China trade cooperation reaches $50 billion in 11 months
» Salih: Iraq ranks first in the world in the concentration of natural resources
» PM Advisor: The monetary enhancement mechanism will safeguard financial stability in the country
» Government Adviser: Non-Oil GDP Growth in 2024 Reaches Unprecedented Levels
» Parliament conforms to World Bank on the importance of government infrastructure in development
» PM: Restructuring government banks to ensure the availability of capabilities and openness with glob
» entral Bank: There is no financial problem threatening employees’ salaries and we have great capabil
» Basra crude achieves weekly gains amid rising oil markets
» The dollar falls against the dinar in Baghdad and Erbil with the closing at the beginning of the wee
» PM Al-Sudani eyes tourism as a cornerstone of Iraq’s non-oil economy
» PMF Chief: Iraq's armed forces at their strongest
» INA discusses exchange rates files, foreign transfers, and housing initiatives with the CBI governor
» Government Adviser: Non-Oil GDP Growth in 2024 Reaches Unprecedented Levels
» Parliament conforms to World Bank on the importance of government infrastructure in development
» Iraq exports oil worth over $5 billion to US in 11 months
» Iraq’s Ministry of Oil announces 2024 petroleum product sales
» US dollar exchange rate continues to decline in Iraq
» Iraq completes 400-kilometer security border wall with Syria
» Iraq collaborates with Ernst & Young on state-owned bank reforms
» Kurdistan records a significant increase in the number of imported cars during 2024
» The Ministry of Justice announces the implementation of the electronic payment system in all notary
» The Ministry of Justice counts the achievements and activities achieved during the past year accordi
» Central Bank: We have started working with the correspondent banking system
» Is the Ministry of Finance hiding the facts?.. An expert reveals the main reason for the shortage of
» Reconstruction: 2025 plan includes 70 external road projects
» Economist: The government is obligated to pay salaries as it is a matter of fate
» The Central Bank of Iraq opens new horizons in foreign transfers and enhances international financia
» Judge Zidane and Al-Sudani are the first to disclose their financial assets in 2025
» Oil Price: Trump's Team Considers 'Direct Sanctions' on Iraq That Will Hit Oil
» Parliamentary Integrity: The amounts recovered from the “theft of the century” do not exceed 5%, and
» Dinars entering the Ministry of Finance are 20% less than the amount it needs.. Iraqis start their n
» Mazhar Saleh: No salary crisis and financial reserves cover liquidity completely
» Central Bank announces major achievement in foreign transfers
» Confirmation that America is putting pressure on Al-Sudani to transform the Iraqi regime into "secul
» Warnings of the dangers of the Turkish-Zionist-American plan to destabilize Iraq
» Expert: Iraqi economy is stable despite changes in the dollar market
» Economist praises ASYCUDA automation system: A step towards achieving important resources
» More than $60 billion in Iraqi currency auction sales in 2024
» Is there a salary crisis in Iraq? Al-Sudani’s advisor explains
» The Central Bank decides to suspend withdrawals and deposits for four days
» Al-Sudani Office announces the implementation of the global ASYCUDA system to automate customs opera
» The leaders “reconciled” and the amendment of the electoral law is “a done deal”.. What does this da
» With the document .. MP Sand files a complaint against the Ministry of Finance .. for this reason
» Parliamentary Finance: The government is working to enhance non-oil revenues
» The 10 most indebted Arab countries in 2024.. This is Iraq's rank
» utube 12/27/24 MM&C MM&C Iraq Dinar News-Iraqs Wealth Fund-National Currency-Arab World Volume Tra
» utube 12/28/24 Iraq - CBI Governor Makes an Announcement, Digital Banking Expansion
» utube 12/29/24 MM&C MM&C Iraq Dinar News-Digital Transformation-Global Economic Power-USA-Imminent
» utube 12/31/24 MM&C MM&C Iraq Dinar News-Commemorative Coin?-Investment Attractive-Dollar Auction
» Al-Sudani chairs expanded meeting to review Oil Ministry projects
» Prime Minister stresses importance of investing best opportunities to maximize state revenues
» Prime Minister's Office announces implementation of ASYCUDA global system for automating customs ope
» Judiciary: Recovering 12 billion dinars for financial fraud crime
» US-Iranian Tension: Iraq Between Competition and Mediation Role After Trump’s Return
» MP confirms settlement of controversy over ministerial amendments
» National Union: Time is no longer sufficient for the dialogue on the oil and gas law to mature
» Economist: Relying on oil as a source of revenue will have serious consequences
» Al-Maliki: Repeated amendments to the election law weaken voter confidence in the political process
» Parliamentary Legal: Interrogating ministers and officials is still subject to political agreements
» Due to the American veto, Iraq suffers from a weak armament in the face of regional developments
» What is holding up the passage of the oil and gas law so far?
» New Cabinet Resolutions Package
» Experts speak to {Sabah} about the most important economic events in 2024
» Al-Sudani stresses the importance of review and investing the best opportunities to maximize state r
» With more than 30 billion dollars... a leap in the projects market in Iraq
» Central Bank of Iraq sells about $290 million in currency auction
» Customs: Our revenues increased by 128% during the current year
» Our Economic and Financial Vision for 2025 in Iraq
» How much of Iraq's electrical system has been lost due to the halt of Iranian gas?
» $31.7 billion is the increase in the value of its market projects in Iraq
» Turkmen gas will cover 50% of Iraq's stations' needs.. New details about the agreement
» Basra-Haditha oil pipeline.. will go to 5 countries and this is its value
» Early talk about postponing the elections is “evidence” of Iraq’s entry into the map of change in th
» New details on the incident of the "death of a US National Guard soldier" in Iraq - Urgent
» Economist: Iraq-Jordan oil pipeline enters implementation phase
» International Report: 2025 will be the largest year for projects inside Iraq
» Monetary policy collapses in Iraq.. Investment in banks is almost non-existent and the Central Bank
» We have started preparing for next summer.. Electricity: The agreement to supply Turkmen gas will co
» Former MP: Wrong timing hinders the passage of laws
» The Prime Minister's Media Office said in a statement: "Prime Minister Mohammed Shia al-Sudani chair
» Al-Hakim calls for benefiting from the Japanese experience in combating corruption
» Türkiye is considering establishing an oil pipeline with Syria and linking it to the Iraqi Kirkuk-Ce
» 2024, the year of crises, bids farewell to Iraq without answers: What is the fate of the Popular Mob
» Agriculture Committee: Strict measures to protect the agricultural calendar and support local produc
» MP: Delay in employees’ salaries is unjustified and we demand that the Ministry of Finance clarify t
» Al-Sudani chairs a special meeting on the integrated South Basra project, which includes several ene
» The Iraqi government approves the contract to establish the oil pipeline (Basra-Haditha)
» The government agrees to increase the fees for examining and marking gold jewellery
» MP: There is no longer any intention by the government to make a ministerial reshuffle
» Transparency: Sulaymaniyah and Halabja imports in 2024 amounted to more than 897 billion dinars