Crypto ETFs attract strong inflows ahead of US election

Crypto ETFs attract strong inflows ahead of US election

FILE PHOTO: Representation of Bitcoin cryptocurrency is seen in this illustration taken January 11, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

Investors have ploughed money into funds tracking bitcoin, betting on a return of Republican Donald Trump to the White House even as they expect wild price swings in the world’s largest cryptocurrency during the election week, data showed.