Massive Inflows

A total of 12 funds, including those from BlackRock and Fidelity, have drawn in net inflows of $9.9 billion since Election Day on November 5, bringing their total assets to around $113 billion.

In a move that has investors excited, Trump last week named a cryptocurrency supporter as the next chairman of the US Securities and Exchange Commission, as well as the first White House official specializing in artificial intelligence and cryptocurrencies.

The president-elect has also pledged to create regulations that encourage the development of digital assets, breaking with the Biden administration’s conservative policy, and has offered his support for the creation of a national reserve of#Bitcoin#bitcoin . Key data that will set his course for the coming months

Bitcoin price surges

Bitcoin saw a historic surge, crossing the $100,000 mark for the first time on December 5, before falling back to around $92,000 on market volatility. But it has risen again and is now at $99,680, up 0.5% in the last 24 hours. This six-week rally is the longest streak of gains since 2021.$BTC