The cryptocurrency market continued to be strong last week, with Bitcoin's price stabilizing at $90,000 and Ethereum's price falling but still above $3,000. Correspondingly, funds continued to flow into US cryptocurrency spot ETFs.

The inflow of funds into the U.S. cryptocurrency spot ETF this week is also closely related to the U.S. election. On voting day and the day before, funds continued to flow out, and after it was confirmed that Trump would be able to move into the White House, a large amount of funds flowed in crazily. On November 7 alone, $1.46 billion flowed into the U.S. cryptocurrency spot ETF.