Bitcoin and Ethereum exchange-traded funds achieved new highs, boosting two of the world's largest cryptocurrencies, analysts said.
The pro-cryptocurrency position of US President-elect Donald Trump fuels the upbeat outlook, pushing BTC and ETH to record highs.
The first cryptocurrency's exchange-traded funds (EFT) reached a record $6.5 billion in net inflows in November, a milestone ascribed to the incoming Trump administration, analysts said.
Market pundits expect Bitcoin to reach a record high of over $100,000 per coin, while American author Robert Kiyosaki predicted $250,000 in 2025 on his X account.
Analysts noted that BTC's price has doubled since 2024 and rose 45% after the US presidential election, citing Trump's promise to liberalize digital asset regulations.
Bitcoin's market value is $1.9 trillion, and its price is $95,721, down 1.8% in 24 hours.
BTC is getting closer to $100,000 but can't break this obstacle.
Since Trump's win, Ethereum has outperformed Bitcoin as the top altcoin, riding on cryptocurrency optimism.
According to reports, Ethereum ETF net inflows reached a record $1.1 billion, indicating that ETH is keeping up with Bitcoin.
November Ethereum ETF daily inflow record. On November 29, analysts reported a $333 million net inflow from nine Ether EFTs, lead by BlackRock with a $2.1 billion ETHA inflow (Source: Farside).
SosoValue said that Ether ETFs received $466 million in the final week of November after losing $71.60 million the week before. Additionally, its price rose 48% in the last week.
According to CoinGecko, the biggest altcoin is worth $3,619 and has a $435 billion market value.
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