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Record $601.8 Million Surge Hits Bitcoin ETFs Amid Trump Policy Anticipation

Bitcoin exchange-traded funds (ETFs) recorded a significant net inflow of $601.8 million, marking the largest single-day influx in over a month.

The surge surpassed the previous inflow peak of $588.6 million observed in late June, signaling heightened investor optimism.

BlackRock’s IBIT ETF and Fidelity’s FBTC ETF were the primary beneficiaries, attracting substantial investments of $224.5 million and $237.1 million respectively.

Market analysts attribute this substantial capital inflow to mounting investor expectations for looser financial conditions under potential changes proposed in Trump’s tax bill.

Concurrently, Bitcoin’s price experienced significant volatility, trading near $109,000 and briefly exceeding the $110,000 threshold.

The price movement followed the release of stronger-than-anticipated U.S. employment figures showing 147,000 jobs added in June, exceeding forecasts of 110,000 and accompanied by a dip in the unemployment rate to 4.1%.

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