Deciphered analysis indicates that "currently, with the continuous record inflow into BTC spot ETF, it seems that there will be more demand for BTC spot ETF due to strong institutional demand, a friendly macroeconomic situation, and the increasing credibility of BTC as an asset class." Byteget Research's senior analyst, Ryan Lee, stated that "the recent BTC spot ETF has recorded six consecutive trading days of net inflows. This is a strong indication that institutions are interested in BTC. The primary drivers are Bitcoin price's technical rebound and the rising possibility of former President Donald Trump's reelection."