Bitcoin surges past $105,000 on news of Trump supporting cryptocurrencies, boosting interest in crypto ETFs.

From Nasdaq: 2025-01-20 08:00:00

Bitcoin surged past $105,000 fueled by reports of Trump prioritizing cryptocurrencies, boosting interest in crypto ETFs. Outflows from Bitcoin ETFs reached $582 million last week, but optimism remains high. Hut8 and Meta Platforms plan to build a $12 billion AI data center, strengthening the connection between blockchain technology and AI.

Crypto ETFs offer exposure to digital currencies like Coinbase and Marathon Digital Holdings, with high liquidity and reduced ownership risks. However, price volatility and regulatory hurdles are key concerns. ETFs like BITO, DAPP, BLOK, BITQ, and WGMI track digital assets and companies servicing the cryptocurrency markets, with performance and technical analysis available.

For more information on top-performing ETFs and analysis, subscribe to Zacks’ free Fund Newsletter. Get insights on ETF news and recommendations from Zacks Investment Research, including stocks like MicroStrategy Incorporated, Marathon Digital Holdings, and Riot Platforms. Stay informed on the latest developments in the crypto industry and ETFs.



Read more at Nasdaq: ETFs in Focus as Bitcoin Tops $105K Ahead of Trump’s Inauguration