Bitcoin ETF sets record by purchasing 3.35 billion USD in BTC last week

Information regarding the Bitcoin ETF setting a record purchase of 3.35 billion USD in BTC last week was not provided in the reference documents. However, documents indicate that the buying power of the Bitcoin ETF has been very strong recently. For example, in two days, 11 U.S. Bitcoin ETFs recorded purchases amounting to 1.6 billion USD. Another report indicated that BlackRock's IBIT fund recorded trading value of nearly 1.9 billion USD just on the first day of trading Bitcoin ETF options. The total assets under management of Bitcoin ETFs exceeded 100 billion USD on November 21, indicating a significant increase in investment in Bitcoin through these funds. The rise in Bitcoin prices is also driven by several other factors, including Mr. Gary Gensler's resignation as SEC Chairman and Mr. Donald Trump's victory in the U.S. presidential election, along with the prospect of a more cryptocurrency-friendly administration.