Massive Funds Flood Crypto Market

Bitcoin exchange-traded funds in the United States have seen massive inflows of more than $10 billion since Donald Trump was elected president. This momentum reflects optimism about his potential support for the cryptocurrency market and expectations of a major boom in the sector.

A group of Amazon (NASDAQ:AMZN) shareholders are pressuring the company to allocate at least 5% of its assets to bitcoin, with a proposal co-authored by Tim Kotzman to add bitcoin to Amazon’s treasury as a hedge against inflation and asset diversification strategy. This proposal follows similar moves by Microsoft (NASDAQ:MSFT) shareholders.