According to Farside Investors and Coinglass tracking data, 11 US spot bitcoin funds accumulated a net inflow of $422.50 million on Tuesday, the highest one-day net inflow since June 5, continuing a seven-day rally. In the past three days alone, these funds have collectively attracted more than $1 billion. Data shows that since hitting a low near $53,500 on July 5, BTC has surged 23% to $65,800. In addition to ETF inflows, the price rally may also be related to the fading of selling pressure in the German state of Saxony, a significant increase in the likelihood of pro-cryptocurrency Republican candidate Donald Trump winning the US Presidential Election on November 4, and Trump's decision to appoint BTC holder and Ohio Republican Senator James David Vance as Vice President.