Odaily Planet Daily News: The US spot Bitcoin ETF is expected to purchase its 1 millionth Bitcoin as early as this week, as traders prepare for potential favorable factors for cryptocurrencies in November. These favorable factors include the US elections, the Federal Reserve possibly lowering interest rates, and Russia lifting its ban on Bitcoin mining—all of which are happening in November. According to data from Apollo and SoSoValue, US spot Bitcoin ETF issuers currently hold 976,893 Bitcoins, valued at over $66.2 billion, accounting for nearly 5% of Bitcoin's total market cap of $1.34 trillion. The spot Bitcoin ETF needs to achieve a net inflow of $1.55 billion (which means purchasing an additional 23,107 Bitcoins) to reach this milestone. To achieve this goal this week, an average daily net inflow of $301 million is required. Furthermore, however, Henrik Andersson, Chief Investment Officer of Apollo Capital, believes that the 'biggest decisive factor' in determining whether the crypto market will rise is Trump's victory: 'If he really wins, we believe the momentum of risk assets could push Bitcoin to $100,000 by the end of the year.' (Cointelegraph)

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