ChainCatcher news, according to Farside Investors and Coinglass tracking data, on Tuesday, 11 U.S. spot Bitcoin funds had a cumulative net inflow of $422.5 million, the highest single-day net inflow since June 5, continuing the seven-day upward trend. In the past three days alone, these funds have attracted a total of more than $1 billion in funds.
Data shows that BTC has surged 23% to $65,800 since hitting a low near $53,500 on July 5. In addition to ETF inflows, the price rebound may also be related to the fading selling pressure in the German state of Saxony, the significantly improved probability that pro-cryptocurrency Republican candidate Donald Trump will win the U.S. presidential election on November 4, and Trump's decision to appoint BTC holder and Ohio Republican Senator James David Vance as vice president.
