CoinShares CEO Optimistic About Bitcoin ETFs, Ethereum Under Trump
CoinShares CEO Jean-Marie Mognetti expressed confidence regarding the future of Bitcoin (CRYPTO: BTC) ETFs and other cryptocurrencies such as Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) under the incoming administration of President-elect Donald Trump.
What Happened: Mognetti highlighted the substantial inflows into U.S. Bitcoin ETFs following the election. He noted that the Bitcoin ETF sector has witnessed 12 consecutive weeks of net inflows, a trend unseen since 2021. Mognetti anticipates that the new administration will maintain a positive stance towards cryptocurrency, potentially benefiting Ethereum and other digital coins, CNBC reported on Tuesday.
“The Trump administration coming up in January or February is nourishing a lot of hope,” Mognetti said.
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