Trump’s policies cause volatility in crypto market
The crypto market has recently experienced a turbulent period, partly due to statements and decisions made by former President Donald Trump. His announcements about import tariffs and the trade war with China caused uncertainty in global markets, which also affected the crypto market. Investors reacted quickly to geopolitical tensions, leading to large swings in the prices of Bitcoin, Ethereum and other digital assets. Despite this turbulence, we saw record inflows into crypto ETFs, as institutional investors see the market dip as an opportunity.
Crypto ETF market continues to grow
The past week saw significant movement in the crypto ETF market. This is due in part to the SEC’s approval of the first Bitcoin-Ethereum combination ETF. This product from Bitwise allows investors to invest in both Bitcoin and Ethereum through one fund, facilitating access to the largest two major cryptocurrencies. In addition, record inflows and outflows were reported within the ETF market last week. Inflows into Ethereum ETFs were remarkable, reaching a record $307.8 million on Tuesday, while total inflows on Monday were already $83.6 million.
