The exchange-traded funds (ETFs) for Bitcoin and Ethereum have hit new record inflows, amassing a total of $7.6 billion. This surge is attributed to the positive market sentiment surrounding these major cryptocurrencies.
Analysts highlight that the pro-cryptocurrency attitude of US President-elect Donald Trump has been a significant factor in this optimistic outlook for Bitcoin and Ethereum. His stance is believed to be driving these cryptocurrencies to reach new heights.
This development underscores the influential role of political positions in the cryptocurrency markets, impacting both the perception and investment decisions of market participants.
