Bitcoin ETFs Up for Records – BTC Is Being Speculated On for the US Election

Bitcoin ETFs have been traded in the US for less than a year and they are making stock market history. Details are relevant for investors. The US election on November 5th is also casting a shadow with regard to Bitcoin.

When the stock market bell rang for Bitcoin ETFs for the first time in the USA on January 11th, the forecasts were mixed:

Can the leading cryptocurrency Bitcoin in the form of ETFs really open up new groups of investors? A good nine months later, the question sounds outdated, because the financial data paints an impressive picture.

On X, ETF expert Nate Geraci shares a table of the 575 ETF debuts so far this year – and it is dominated by Bitcoin ETFs. Sorted by capital inflow, four Bitcoin ETFs occupy the top spots, with BlackRock’s ETF clearly outperforming the competition with $23 billion.

Bloomberg analyst Eric Balchunas added on X: “You can also look at the decade that has just begun and all the 1,800 or so ETFs that have come onto the US market in the last four years. In such a list, the BlackRock Bitcoin ETF is once again the frontrunner in terms of financial appeal.”

Experts agree: Crypto in the form of Bitcoin has been extremely well received on the traditional stock exchanges through ETFs. This is also demonstrated by two successful ETFs that are linked to MicroStrategy , the first Nasdaq company to develop a Bitcoin strategy and now holds a good 252,000 BTC with a current market value of around $17 billion.

The absolute numbers speak for themselves and are, incidentally, more positive than is sometimes assumed when it comes to Ethereum ETFs. ETH, the number two cryptocurrency, only came onto the stock exchanges in the form of ETFs this July. In this short time, four Ethereum ETFs have been placed among the 30 most capital-intensive debuts.

This is sometimes overlooked because among the Ethereum ETFs, Grayscale’s stands out due to capital outflows. However, this is due to the fact that this ETH ETF used to be a closed-end fund and investors are only now able to cash in on long-held Ethereum positions. The bottom line is that the Ethereum ETFs will soon have absorbed these capital outflows.

Conclusion: Bitcoin ETFs are calibrated for the US election

Meanwhile, the US presidential election will be a key factor in assessing short-term Bitcoin price opportunities. On November 5th, in one week, Americans will decide whether Donald Trump or Kamala Harris should receive the keys to the White House. Since Bitcoin has become an election issue, risk-taking investors have focused on the BTC futures market.

Leading platforms are reporting a clear trend towards call options after election day, i.e. the possibility of purchasing Bitcoin at a price that has already been set.

Price targets of $70,000 to $80,000 are being called for here, which implies that professional traders expect Bitcoin to reach a new all-time high after the US election; the current high is just under $74,000 US dollars. However, there are also warnings about a nervous Bitcoin price curve around the US election – especially if Donald Trump, as a BTC advocate, loses to Kamala Harris.

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(Featured image by Alesia Kozik via Pexels)

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