Major influx of investments in Bitcoin Exchange-Traded Funds (ETFs) witnessed post-Donald Trump's presidential victory, with approximately $10 billion attracted.

The crypto market is experiencing a significant surge, with Bitcoin and Ethereum leading the charge. This period marks a historic moment due to the continued growth and institutional interest in both digital currencies.

Stabilizing inflows into Exchange-Traded Fund (ETF) products are seen as a key driver for Ethereum's upward momentum. Spot ETFs focused on Ethereum have attracted over $2 billion in inflows since Donald Trump's victory, pushing the total assets under management for Ethereum ETFs to a staggering $13.4 billion. Grayscale's ETHE, in particular, holds $5.94 billion of these assets.

Bitcoin, on the other hand, has also been riding high on institutional demand. The surge in Bitcoin ETF investments is attributed to the election of Donald Trump as the 47th President of the United States. Following his victory, the U.S. spot Bitcoin ETFs saw inflows of approximately $9.9 billion. The total value of assets under management for these ETFs now stands at an impressive $112.7 billion.

Donald Trump, during his campaign, pledged support for the crypto industry, and he appointed pro-crypto advocates to key positions, including a candidate for SEC chair and the first-ever "crypto czar" in U.S. history. However, it's important to note that no such announcements were made during the 2021 presidential elections in the United States.

The price of Bitcoin reached a peak of $104,088 on Binance, and on December 5, it broke its previous all-time high, surpassing $100,000 on the same platform. Following this all-time high, Bitcoin experienced a brief dip to $90,500, sparking heightened volatility. Despite this dip, experts remain optimistic about continued growth for Bitcoin, albeit with potential short-term corrections.

On December 6, Ethereum surpassed $4,000 for the first time since March. Analyst VentureFounder predicted a potential surge to $7,200 for Ethereum within the next four months. Despite a cumulative outflow of $3.5 billion following ETHE's conversion to an ETF, the fund remains a leader in the market.

Bitcoin has been on a six-week winning streak, the longest bullish run since 2021. This streak, coupled with the increased institutional demand and political support, suggests that the crypto market is poised for continued growth in the coming months.

Major influx of investments in Bitcoin Exchange-Traded Funds (ETFs) witnessed post-Donald Trump's presidential victory, with approximately $10 billion attracted.