Odaily Planet Daily reports that QCP Capital stated that yesterday, the net inflow of Bitcoin spot ETFs reached 1.38 billion dollars, setting a historical record. Coupled with the optimism brought by Trump's election victory and the widespread expectation of a 25 basis point interest rate cut by the Federal Reserve, Bitcoin's price surged to 77,000 dollars earlier this morning. However, investors have begun to withdraw some of the 'Trump trade': the dollar has given back most of its post-election gains, while Treasury yields have also fallen back to recent ranges after a brief period of significant volatility. As the market considers Trump's proposed plan to impose a 60% tariff on China and rising fiscal issues such as Treasury yields, it is expected that the risk premium of Bitcoin relative to stocks will decrease, which may allow it to potentially outperform other risk assets. The ongoing bullish sentiment for Bitcoin may also create a feedback loop, where increased ETF inflows push up Bitcoin prices, and the rise in Bitcoin prices, along with reduced volatility, attracts more retail capital and systemic funds to buy in.

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