Bitcoin funds see weekly investment inflows of $1.63 billion.

Exchange-traded funds (ETFs) for Bitcoin experienced massive cash inflows last week, recording a net inflow of $1.63 billion, a significant increase attributed to Donald Trump's re-election as President of the United States on November 5.

The results of the U.S. presidential election contributed to a revival of confidence in the cryptocurrency market, prompting investors to return to the market with renewed vigor after a period of caution.

Thanks to these developments, the digital currency Bitcoin saw a remarkable shift on November 6, surpassing the value of $75,000 for the first time. On that day, daily inflows into cryptocurrency-related investment products reached an all-time high of $622 million.

Moreover, positive inflows continued on November 7, with Bitcoin funds registering substantial inflows of $1.38 billion, which helped to bolster market optimism and increase positive momentum. As days went by, this upward trend continued, bringing the total weekly inflows to $1.63 billion, signaling growing interest from investors amidst optimistic expectations for Bitcoin's future after Trump's victory.

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