Bitcoin’s $74.6m ETF rebound meets a tougher US regulatory outlook

Bitcoin’s post-election recovery and renewed ETF inflows suggest institutional interest remains intact, even as analysts warn that a Democratic-controlled Congress could delay US cryptocurrency legislation. Bitcoin ETFs attracted $74.6 million on Nov. 4 after three consecutive sessions of withdrawals. Kirkley expects institutional demand to remain driven by liquidity, monetary policy and portfolio allocation. Khus warned that divided government could increase policy uncertainty and weigh on Bitcoin. Financial institutions still need clearer rules for custody, payments, settlement and compliance, Kirkley said. Ryan Kirkley, co-founder and CEO of Global Settlement Network, told crypto.news that the midterm results complicated the outlook for digital asset legislation without removing the commercial reasons institutions are investing in the sector.

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