Financial reports and ETF inflow data from financial institutions

Trump's Crypto Deregulation Fuels Surge in US Bitcoin and Ether ETFs, CZ Eyes Pardon

Dec 2, 2024, 07:01 AM

The cryptocurrency sector is experiencing a surge in demand for Bitcoin and Ether ETFs in the U.S., driven by President-elect Donald Trump's pledge to deregulate the crypto industry. In November, Bitcoin ETFs saw inflows of $6.5 billion, while Ethereum ETFs attracted $1.1 billion, reflecting a significant increase in retail interest. Amidst this backdrop, John Lilic, a member of The Telos Foundation, suggested that Trump should consider pardoning former Binance CEO Changpeng Zhao (CZ) and reinstate him to his position. CZ has expressed disinterest in returning as CEO but has indicated he would welcome a pardon, highlighting the importance of stability in leadership for market trust.