Latest data shows that on December 2, the total net inflow for Bitcoin spot ETFs was $354 million, with total assets under management reaching $103.909 billion. Among them, BlackRock's IBIT had a net inflow of $338 million, making it the Bitcoin spot ETF with the highest single-day inflow.

Due to the ongoing impact of the 'Trump trade', cryptocurrency ETFs are becoming a magnet for capital in the US ETF market.

Coinglass data shows that the net inflow of funds for Bitcoin and Ethereum spot ETFs in November set a record high. The Bitcoin spot ETF saw a total net inflow of $6.419 billion in November, with only 7 trading days showing a net outflow. The Ethereum spot ETF had a net inflow of $1.06 billion.

In early January, US regulators SEC consecutively approved the listing applications for 10 spot Bitcoin exchange-traded funds, allowing large investment firms such as BlackRock, Fidelity Investments, and Grayscale to sell Bitcoin spot ETFs on major exchanges in the US; in May, the Ethereum spot ETF tracking the world's second-largest cryptocurrency Ethereum was listed.

Since their launch, BlackRock's IBIT and Fidelity Investments' FBTC have been the two most capital-attracting products in the Bitcoin spot ETF market. Among them, IBIT attracted $32.135 billion in funds, while FBTC gathered $11.47 billion, making these two ETFs the only ones among all cryptocurrency products with net inflows exceeding $10 billion. Regarding Ethereum spot ETF products, BlackRock's ETHA has performed well, having attracted $704,500 so far.

Zhao Wei, a senior researcher at OKX Research Institute, told Jiemian News that as institutional investors enter the market and the market size expands, cryptocurrencies are transitioning from niche assets to the mainstream financial system. The successful issuance of Bitcoin spot ETFs will give rise to more types of cryptocurrency ETFs and accelerate the diversification of the market.

'The gradual maturity of the market is affecting the volatility characteristics of cryptocurrency prices. Although high volatility remains a significant feature, the price stability is expected to improve in the medium to long term with increased institutional participation and improved market mechanisms,' he said.

Sanzang believes that the cryptocurrency market will continue to grow in the medium to long term, driven primarily by mainstream adoption, improved regulation, and technological innovation. However, uncertainties remain in the market, and investors need to pay attention to policy changes, capital flows, and the opportunities and risks brought by technology. It is particularly important to maintain caution and forward-thinking in a rapidly changing market.

Potential regulatory benefits are key factors driving the recent rise in the cryptocurrency market. Market expectations for a series of favorable measures for the crypto market to be announced after Trump's inauguration have nearly reached their peak.

After Trump won the US election, the cryptocurrency market surged. Following a rapid leap from $80,000 to $90,000, Bitcoin has been hovering in the $90,000 to $100,000 range, with a peak exceeding $99,000.

According to the latest report disclosed by the SEC, Bitcoin whale MicroStrategy has increased its holdings again. Between November 25 and December 1, MicroStrategy purchased 15,400 Bitcoins at an average price of $96,000 each, with a total value of nearly $1.5 billion.

Recently, current SEC Chairman Gary Gensler announced that he will resign on January 20, the day of Trump's inauguration. Gary Gensler has always maintained a cautious and skeptical attitude towards cryptocurrencies.

Coinbase Chief Policy Officer Faryar Shirzad stated that after Trump officially takes office in the White House, the US Congress will pass cryptocurrency legislation 'fairly quickly'.#NFT市场回暖