In the last five trading days, spot bitcoin ETFs have seen net inflows of more than $2.1 billion, with BlackRock accounting for half of those sales. Of the 80% of direct investors buying IBIT, BlackRock's chief investment officer of ETFs and index investments says 75% had never before owned an iShare.

Impressively,7, BlackRock's IBIT amassed net inflows of $309 million, bringing the net US Bitcoin ETFs inflow to over $470 million.

ETF has attracted over $1 billion in inflows this week alone, which has helped propel the apex crypto to a 10% seven-day gain. What Happened: According to data from SoSo Value, spot bitcoin ETFs in the

"Crypto is the rare instance, where the difference in election outcome could determine the destiny of the industry," a Wall Street analyst said.

But in one popular betting market, the odds have skewed heavily in Trump’s favor, raising questions about a recent flurry of wagers and who is behind them. Over the past two weeks, the chances of a Trump victory in the November election have surged on Polymarket,

A Bitcoin rally is grabbing the spotlight in part because some investors view the climb as a sign that markets anticipate a victory for pro-crypto Republican candidate Donald Trump in the US presidential election.