The interest in Ether, the largest token after Bitcoin, points to widening speculative appetite for crypto following Trump’s US election victory on Nov 5. By some metrics, the clamour for exposure to digital assets has yet to reprise the mania of a pandemic-era bubble, at least among retail investors.
US exchange-traded funds investing directly in Bitcoin and Ether are enjoying unprecedented demand, buoyed by President-elect Donald Trump’s pledge to unfetter the crypto industry from regulatory shackles.
The groups of Bitcoin and Ether ETFs each posted record monthly net inflows in November, US$6.5 billion ($8.74 billion) and US$1.1 billion respectively, according to data compiled by Bloomberg. Friday’s daily Ether ETF subscriptions also hit an all-time peak.
