Trump's Tariffs Spark Market Turmoil, Yet Bitcoin Funds See Record Inflows
Trump's Tariffs Spark Market Turmoil, Yet Bitcoin Funds See Record Inflows
Despite global market tensions fueled by President Trump's announcement of potential tariff hikes on China, crypto-based funds attracted a substantial $3.17 billion in new capital. Bitcoin funds, specifically, demonstrated remarkable resilience and investor confidence by registering a record $10 billion in volume, showcasing strength amidst a broader risk asset sell-off.
Crypto-based funds attracted $3.17 billion in new capital, even as markets reeled from tariff-related tensions between the United States and China, according to CoinShares weekly report. On Oct. 10, President Donald Trump announced that the US could raise tariffs in response to China’s new rare-earth export restrictions. The statement triggered a broad sell-off across risk […]
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