Crypto ETFs See Significant Inflows Ahead of U.S. Election, Traders Brace for Volatility

2024-11-02

(Reuters) - Investors have poured money into bitcoin-tracking funds, wagering on a potential return of former President Donald Trump to the White House, while bracing for substantial price volatility in the world's largest cryptocurrency during election week.

Data from Block, a data and news provider, reveals that exchange-traded funds (ETFs) tracking the spot price of bitcoin saw net inflows of $917.2 million on Wednesday, marking the largest single-day increase since March.

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