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Bitcoin Bigger than Silver in ETF Market, Donald Trump Vows To Ban CBDCs – Crypto News
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Crypto News LIVE Updates: The total asset size of the spot Bitcoin exchange-traded funds (ETFs) stands at $30 billion. By comparison, Silver ETFs together have roughly $11 billion in assets under management (AUM). Bitcoin ETFs only lag Gold among commodity-focused ETFs in the US.
If US presidential candidate Donald Trump were to be elected, he would “never allow” the creation of a central bank digital currency (CBDC). Trump made the remarks during a campaign stop in New Hampshire. The former US president believes CBDCs would give the government “absolute control” over the public’s money.
Led by Bitcoin, which sank nearly 4%, major digital assets crashed in early morning trade on Friday. In sync with the slide, the global crypto market cap fell about 3.5% to $1.62 trillion.
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Live
09:00:00 AM IST, 19 January 2024
Crypto News LIVE: Donald Trump Vows To Ban CBDCs
If US presidential candidate Donald Trump were to be elected, he would “never allow” the creation of a central bank digital currency (CBDC). Trump made the remarks during a campaign stop in New Hampshire. The former US president believes CBDCs would give the government “absolute control” over the public’s money.
08:57:19 AM IST, 19 January 2024
Crypto News LIVE: Bitcoin ETFs Hit $30 Billion AUM, Surpass Silver ETFs
Spot Bitcoin exchange-traded funds (ETFs), which received regulatory approval in the US earlier this month, have already overtaken Silver ETFs in terms of assets under management. While the AUM for Bitcoin ETFs stands at $30 billion, Silver ETFs together have assets worth $11 billion.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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