New

Turn ETF ideas into real portfolios. Try the builder now →

Advertisement
Advertisement
Moving Markets

Crypto Surge: Bitcoin Drives Market Beyond $3 Trillion Valuation

Crypto market hits $3T as Bitcoin soars to $93K, driven by Trump policies, institutional interest, and bullish ETF gains.

ETF Central
By ETF Central Team · November 18, 2024
Share
Crypto Surge

Keep up with what matters in ETFs

Get timely ETF insights, market trends, and top ideas straight to your inbox.

Your newsletter subscriptions with us are subject to ETF Central's Privacy Policy and Terms and Conditions.

The cryptocurrency market has skyrocketed to new valuation heights, surpassing the $3 trillion mark, driven chiefly by Bitcoin's recent surge. This climb coincides with President Donald Trump's re-election, sparking optimism for a more supportive regulatory environment for cryptocurrencies. Together with increasing interest from institutional investors, this growth signifies a major shift in the crypto world, hinting at transformative changes ahead.

Resources

Get data on 14,000+ ETFs

Access Trackinsight's reliable and comprehensive data with 500M+ points on 14,000+ ETFs.

Try for free

Bitcoin Sets a New Price Benchmark

Bitcoin reached new heights, nearing the $93,500 mark on Wednesday. This surge has propelled the crypto market cap beyond $3 trillion. This achievement underscores Bitcoin's leadership, with 60% of the market share, while Ethereum follows with 12.8%. Analysts predict that Bitcoin's upward trajectory to $100,000 could continue, although short-term corrections are likely.

Trump Bump and DOGE Department Influence Crypto's Rise

Optimism abounds in the wake of President Donald Trump's re-election, described as the "Trump Bump." Investors anticipate a more favorable regulatory framework for cryptocurrencies, with Trump promising to make the U.S. the "crypto capital of the planet." His commitment to establishing a national Bitcoin reserve and appointing leaders like Elon Musk and Vivek Ramaswamy to the "Department of Government Efficiency" (DOGE) further fuels this optimism. The acronym DOGE nods to the Dogecoin cryptocurrency, heavily promoted by Musk in the past, which has surged 150% post-election.

Institutional Demand on the Rise

Institutional interest in Bitcoin and Ethereum ETFs continues to grow, adding significant momentum to the market's bullish trend. Large investments, such as MicroStrategy's massive $2 billion Bitcoin purchase, exemplify this trend. The increasing acceptance of cryptocurrencies by institutions suggests a growing confidence in them as a significant asset class, enhancing the market's overall positive outlook.

Performance of Crypto ETFs

Recently, cryptocurrency ETFs have shown remarkable performance, with Bitcoin and Ether ETFs gaining 17.19%, and 5.09%, respectively. Notably, the iShares Bitcoin Trust ETF

and the Grayscale Ethereum Trust ETF
ETHE
increased by 18.54% and 5.33%.

Here's a comparison between Cryptocurrency ETFs

Group Data

Index Data

Funds Specific Data

Please note this article is for information purposes only and does not in any way constitute investment advice. It is essential that you seek advice from a registered financial professional prior to making any investment decision.

Advertisement
Advertisement
ETF U
Become a better investor with NYSE: The Home of ETFs
Visit the ETF U homepage
ETF Guides
Advertisement

Recent educational content

PRIV ETF

What’sTheFund

What's the Fund | State Street SPDR IG Public & Private Credit ETF (Ticker: PRIV)

Matthew Bartolini, Global Head of Research Strategists, at State Street Investment Management, joins Ethan Hertzfeld on the New York Stock Exchange Floor to discuss PRIV, the State Street SPDR IG Public & Private Credit ETF.

NYSE logo
By NYSE · April 28, 2026
Tidal ETF Industry KPIs

ETF Trends

ETF Industry KPIs April 27, 2026

The ETF Industry saw 23 New Launches, 1 Ticker Change and 4 closures last week.

Tidal
By Tidal · April 28, 2026
Investors Can Fight Healthcare Inflation with Newly Launched ETFs

Asset TV

The ETF Show - Investors Can Fight Healthcare Inflation with Newly Launched ETFs

Adam Schenck, Principal and Managing Director of Fund Services at Milliman joined The ETF Show to discuss Milliman's first ETFs designed to hedge against rising healthcare inflation.

Asset TV
By Asset TV · April 22, 2026
Tidal ETF Industry KPIs

ETF Trends

ETF Industry KPIs April 20, 2026

The ETF Industry saw 14 New Launches, 1 Ticker Change and 16 closures last week.

Tidal
By Tidal · April 22, 2026

Browse all educational columns

Advertisement
Webcast on Demand

Calamos Investments Powers the Next Phase of the Autocallable Revolution

Join J.P. Morgan’s Bram Kaplan, Head of Americas Equity Derivatives Strategy and Matt Kaufman from Calamos Investments as they dive into the growing global opportunity in autocallable income—an increasingly dominant strategy within structured products, now available through ETFs.

Accepted for 1 CE Credit

Calamos Webcast