As the U.S. election approaches, investors have rapidly funneled money into new Bitcoin ETFs despite growing volatility. Recently, $2.2 billion entered funds linked to digital currencies, primarily from American investors looking for Bitcoin exposure via spot ETFs. In total, $29.2 billion has been invested in crypto funds this year, marking a record. The rise is attributed to excitement surrounding potential Republican electoral success, with polls showing Donald Trump in a tight race with Kamala Harris. Bitcoin’s sensitivity to election dynamics was evident as inflows fluctuated with changing poll results. A poll suggesting a possible Trump loss led to minor withdrawals and a corresponding dip in Bitcoin's price. Currently, Bitcoin hovers around $68,401, just shy of its all-time high of $73,737. CoinShares noted substantial inflows into Bitcoin ETFs, highlighting their significant role in the current investment landscape while also underscoring the influence of electoral sentiment on cryptocurrency prices.

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