Demand for exchange-traded funds listed in the USA, which closely monitors the spot price of Bitcoin, has increased again.

According to data from Farside Investors and Coinglass, 11 funds yesterday recorded $422.5 million in net inflows, the highest single-day since June 5, thus continuing their seven-day winning streak.

BlackRock's IBIT fund accounted for the bulk of total inflows, receiving more than $260 million. FBTC attracted $61.1 million; Other funds attracted less than $30 million each, excluding GBTC, DEFI and BTCW.

These funds have realized a total net inflow of more than $1 billion in the last three days alone, once again demonstrating investors' confidence in Bitcoin price expectations.

According to CoinDesk data, Bitcoin rose 23 percent to $65,800 after falling to $53,500 on July 5. This price increase is due to the end of selling pressure from the German state of Saxony, the increasing likelihood of crypto-friendly Republican candidate Donald Trump winning the US presidential election on November 4, and Trump's appointment of Bitcoin-owning Ohio Republican senator James David Vance as his vice president. It may be due to the impact of the appointment decision.

Vance presented a draft on crypto legislation last month, emphasizing his support for Bitcoin and digital assets since 2021.

In the news published yesterday by FRNT Financial, "It is noteworthy that Vance put forward crypto legislation as soon as he learned that Trump was considering him for the vice presidency. This shows the newfound political dimension of crypto and that digital asset policy has become part of the Republican vision for the US economy." is showing." It was said.

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