Bitcoin has recorded its longest seven-week rally since 2021
Since Trump won the US Presidential Election on November 5, Bitcoin prices have continued to rise, setting a record for the longest seven-week streak since 2021. Data show that the US spot, Bitcoin ETF products attracted a net inflow of $12.20 billion during this period, and Ethereum ETF products also received a net inflow of $2.80 billion.
Aya Kantorovich, co-founder of institutional crypto platform August, believes that market participants are full of expectations for Trump's pro-digital asset stance and his plan to build the United States into a leading force in the global crypto industry. This optimism is directly reflected in the strong demand for crypto ETF products from institutional investors.