TechFlow reported on December 16 that, according to Bloomberg, Bitcoin prices have continued to rise since Donald Trump won the U.S. presidential election on November 5, marking the longest seven-week winning streak since 2021. Data shows that U.S. spot Bitcoin ETF products attracted $12.2 billion in net inflows during this period, while Ethereum ETF products saw $2.8 billion in net inflows.
Aya Kantorovich, co-founder of institutional crypto platform August, believes market participants are optimistic about Trump's supportive stance toward digital assets and his pledge to position the United States as a global leader in the crypto industry. This positive sentiment is directly reflected in strong institutional investor demand for crypto ETF products.
Tony Sycamore, market analyst at IG Australia, warned investors in a recent research report that Bitcoin's recent price gains have slowed, which may signal an increased risk of short-term correction.
