According to the Zhitong Finance APP, in the usa stock market, exchange-traded funds directly investing in bitcoin and ethereum (i.e. bitcoin etf and ethereum etf) are enjoying unprecedented investment demand, thanks to the newly elected president, Donald Trump, who is set to return to the White House in January, promising to lift the regulatory shackles on the cryptocurrency industry and to make the usa the 'capital of cryptocurrency' and a 'bitcoin superpower'.

According to the latest fund inflow data compiled by institutions, all bitcoin etfs and ethereum etfs listed on the usa stock market recorded historical highs in monthly net inflows in November, at 6.5 billion dollars and 1.1 billion dollars respectively. Among them, the inflow scale of the bitcoin etf broke the record of 6 billion dollars set in February, while the daily subscription volume of the ethereum etf last Friday set a new single-day historical high.

Ethereum is the largest cryptocurrency in the world by market cap, second only to bitcoin, and the strong investment interest in ethereum globally indicates that the speculative interest in cryptos is continually expanding since Trump won the usa election on November 5.

However, from certain indicators, the demand for exposure to crypto assets like bitcoin has not yet returned to the kind of irrational exuberance seen during the pandemic era, at least among retail investors, which also means that the investment frenzy in the cryptocurrency market may continue.

'We observed a trend in the cryptocurrency market where bitcoin initially drives the price changes of popular cryptos, but the rising tide lifts all boats,' said Caroline Bowler, CEO of BTC Markets Pty. She believes that based on the inflow of investor funds into digital asset exchanges, market investment activities have not yet peaked.

On November 29, nine ethereum etfs achieved a net inflow of up to 0.333 billion USD, thanks to the iShares ethereum etf issued by the largest asset management institution blackrock and the fidelity ethereum etf issued by another asset management giant fidelity investments. In terms of etf fund size, blackrock, fidelity investments, and cryptocurrency specialized investment company grayscale investments LLC are the largest issuers of etfs for bitcoin and ethereum, the two major cryptocurrency assets.

Last month, bitcoin approached the epic milestone of 0.1 million USD for the first time, and as of Monday morning, the trading price of bitcoin hovered around 97,880 USD, while ethereum's trading price was around 3,730 USD. Since Trump's victory, ethereum's price performance has been on the rise, currently outperforming bitcoin, but it has not yet reached a historic high like bitcoin.

Due to market expectations that Trump will lift the usa securities and exchange commission (SEC) regulatory crackdown on the world's fourth-largest digital asset XRP token, the XRP trading price has skyrocketed parabolically. Some investment companies are seeking to launch an XRP exchange traded fund (i.e., seeking to launch an XRP etf).

Recently, Trump vowed to abolish the Biden administration's crackdown on digital assets and introduce a friendlier regulatory policy. The Republican leader also supports the establishment of a strategic bitcoin reserve in the usa. Trump has been skeptical of cryptocurrencies, but as the industry raises funds for campaigns to further its interests, and given his recognition of the decentralized trading value of cryptocurrencies and the positive significance of promoting cni xiangmi lake fintech index development, he has quickly changed his attitude towards cryptocurrencies.

Even more significant, the media revealed that Trump's core team plans to establish a senior position in the White House specifically dedicated to cryptocurrency policy for the first time. According to US political jargon, the person in this position will be known as the "Cryptocurrency Tsar", overseeing the highest level of policy and industry regulation related to the federal government.

From the latest news, Trump's leadership of the US federal government may plan to elevate the cryptocurrency industry to an unprecedented level. If the news of Trump intending to appoint a "Cryptocurrency Tsar" is true, it will be the first specialized position dedicated to cryptocurrency in the White House's history, highlighting the new US government's emphasis on the development of the emerging cryptocurrency industry.

Additionally, outgoing SEC Chair Gary Gensler has been critical of cryptocurrencies, while Trump may appoint financial industry professionals who support cryptocurrencies to replace Gensler at the SEC, paving the way for the issuance of other cryptocurrency ETFs.

According to statistics from CoinGecko, since Trump was elected president of the usa, the overall market cap of the cryptocurrency market has increased dramatically by about 1.2 trillion USD. In 2022, digital assets such as bitcoin suffered a catastrophe that exposed some sharply high-risk practices and fraudulent behaviors, leading to a series of major negative events, including the collapse of FTX exchange empire under Sam Bankman Fried. But at present, the enthusiasm of market participants for the new usa government under Trump's leadership supporting the trend of cryptocurrency development masks people's memories of these risks.