Published on 4 Nov 2024 on Benzinga
Donald Trump's Return To White House Could Propel These ETFs To New Highs -...
As the election season heats up, certain ETFs could experience significant impacts if Donald Trump secures the presidency. These funds span various sectors, including cryptocurrencies, energy, and small-cap stocks.
One of the sectors that investors need to keep an eye out for is cryptocurrency. Favorable policies and regulatory frameworks could emerge, boosting the crypto industry. A recent analysis suggests Bitcoin BTC/USD could reach $90,000 if Trump wins, highlighting the importance of crypto policy in this election. Bitcoin-based ETFs like iShares Bitcoin Trust ETF IBIT, Grayscale Bitcoin Trust GBTC and CoinShares Valkyrie Bitcoin Miners ETF WGMI might see benefits if Trump continues his supportive stance on cryptocurrencies and blockchain technology.