NZX Bitcoin ETF volumes boom after Donald Trump election

A surge in bitcoin trading has been fuelled by US President-elect Donald Trump's cryptocurrency-friendly campaign pledges. (Image: Getty)

Gregor Thompson

Wed, 13 Nov 2024

Volumes in Smart’s Bitcoin ETF have taken off since it became clear Donald Trump would become the 47th President of the United States.Chief executive of Smart Anna Scott told BusinessDesk that the “decent uptick” in unit sales is due to "Trump trading”, a global crypto rally fuelled by several crypto-friendly Trump campaign pledges.The Smart Bitcoin ETF tracks iShares’s Bitcoin Trust (IBIT) fund, which trades on the Nasdaq and is 100% exposed to bitcoin. In late October, it was one of four ETFs ...

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