Hany Rashwan, CEO of ETF issuer 21Shares, said in a recent interview that as Trump won the election, the cryptocurrency market was stimulated, and the inflow of Bitcoin spot ETF funds hit a new high, indicating that investors are increasing their demand for crypto assets. Rashwan pointed out that the market is expecting that the Trump administration will implement "crypto-friendly regulation", which will have a positive impact on the industry and further allow the US market to launch more cryptocurrency ETFs.
Trump drives growth in crypto market, 21Shares prepares more crypto ETFs
Rashwan emphasized that 21Shares has currently launched 53 cryptocurrency-related ETFs around the world, and is also planning to expand its product line in a suitable regulatory environment. He further said that if Trump can adopt active and reasonable supervision after taking office, it will help promote the development of cryptocurrency spot ETFs such as Bitcoin and Ethereum.
After Trump took office, the net inflow of Bitcoin spot ETFs once reached US$800 million. Although popular crypto assets such as Dogecoin have attracted attention, prudent choices should focus on protecting the rights and interests of users.
When talking about the demand for ETFs for popular assets such as Dogecoin (DOGE), Rashwan pointed out that although they have reserved trading codes for Dogecoin ETFs in many markets, they have not yet included them in their own product lines. The main reason is that Dogecoin ETF Dogecoin has yet to pass U.S. regulatory scrutiny.
Rashwan emphasized that although 21Shares, which is responsible for the "asset guardian", currently manages assets of nearly 10 billion US dollars, it must still carefully consider the stability and compliance of assets to protect the rights and interests of investors, and will also consider expanding cryptocurrency in the future. Types of spot ETFs.
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This article 21Shares: Trump’s victory boosts demand for cryptocurrency ETFs, Dogecoin ETF trading code has been reserved first appeared on Chain News ABMedia.
