News list for " Election of the United States"
US exchange traded funds (ETFs) that invest in direct bitcoin have attracted nearly $10 billion in inflows since Trump was elected US president, according to Bloomberg, amid bets that Trump's embrace of the cryptocurrency industry will herald a market boom. According to Bloomberg data, 12 funds launched by issuers including BlackRock Inc. and Fidelity Investments have accumulated net inflows of about $9.90 billion, bringing their total assets to about $113 billion.
The prospect of Mr. Trump's re-election as US president has spurred a rally in the country's stock market, but in the eyes of strategists at Citigroup, a Republican victory would be time to leave. A Trump victory is usually seen as positive for stocks because of the potential for corporate tax cuts to boost corporate performance. However, Citi strategists believe the "near-frenzy" that has driven the S & P 500 up for six months suggests the time is ripe for a pullback. "Given the fundamental unc...
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