Bitcoin has emerged as the seventh largest asset globally, surpassing Saudi Aramco, with its dominance in the cryptocurrency market hitting 61.38%. Over the past six trading days, Bitcoin ETFs in the U.S. have recorded $4.7 billion in net inflows, including over $510.1 million alone on Wednesday. Since their introduction in January, these ETFs have attracted a total of $28.2 billion. This surge in Bitcoin's market presence is partly attributed to the favorable pro-crypto stance of U.S. President-elect Donald Trump. Analysts suggest that ETF demand is largely driving Bitcoin's price action, absorbing the selling pressure from long-term holders. BlackRock's iShare Bitcoin Trust (IBIT) is experiencing record trading volumes, marking $5 billion for the first time, while the Ethereum blockchain's ether also sees increased interest with notable inflows. This rally signals a strong movement in crypto markets as institutional and retail investors engage more actively with Bitcoin products.

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