Trump's election drives the demand for encryption ETFs! 21Shares: DOGE coin ETF trading code has been reserved

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Hany Rashwan, CEO of ETF issuer 21Shares, recently stated in an interview that with Trump winning the election, the cryptocurrency market has been stimulated, and there has been a record high influx of funds into BTC Spot ETF, indicating an increasing demand for encryption assets from investors. Rashwan pointed out that the market is expecting the Trump administration to implement 'crypto-friendly regulations', which will have a positive impact on the industry and further lead to the launch of more cryptocurrency ETFs in the US.

Trump drives the growth of the encryption market, and 21Shares prepares for more encryption ETFs

Rashwan emphasized that 21Shares has already launched 53 ETFs related to cryptocurrencies globally, and is also planning to expand its product line in suitable regulatory environments. He further stated that if Trump takes proactive and reasonable regulation after taking office, it will help promote the development of Cryptocurrency Spot ETFs such as BTC, Ether, etc.

Source: Chain News. After Trump took office, the net inflow of BTC Spot ETF reached $800 million at one point.

Popular assets such as DOGE and other encryption assets are followed closely, and careful selection is the main priority to protect user rights

When it comes to ETF demand for popular assets such as DOGE ($DOGE), Rashwan pointed out that although they have reserved the trading code for DOGE ETF in many markets, it has not yet been included in their product line, mainly because DOGE has not passed the U.S. regulatory review.

Rashwan emphasizes that as the 'asset guardian,' 21Shares currently manages nearly $10 billion in assets, but must still carefully consider the stability and compliance of the assets to protect the rights and interests of investors, and will also consider expanding the types of CryptocurrencySpot ETF in the future.

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice, and users should consider whether any opinions, perspectives, or conclusions in this article are suitable for their specific situation. Investing based on this is at your own risk.

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"Trump's election drives the demand for encryption ETFs! 21Shares: DOGE coin ETF trading code already reserved" This article was first published in "encryption city"