Bitcoin ETF inflows have seen a notable increase this week, coinciding with the growing intensity of the 2024 U.S. presidential election race. This development highlights the potential influence of political events on cryptocurrency investments.
BlackRock's Bitcoin ETF has successfully attracted another $1 billion, underlining investor confidence in Bitcoin despite the volatility often associated with election periods. The situation resembles what some call the 'Trump Trade', where market movements are speculated to be influenced by election outcomes.