The recent surge in bitcoin and ethereum ETF inflows has sparked interest among investors, with $2.2 billion funneled into crypto projects over just last week.

Host of The Wolf of All Streets, Scott Melker, sat down with George Tung, host of CryptosRus, to discuss the significance of these inflows and whether external factors like the U.S. presidential elections are influencing market behavior.

George Tung emphasized that institutional interest in bitcoin and ethereum remains strong, with inflows accelerating as the market improves. "Last week was definitely a very good week. We saw IBIT alone take in over a billion dollars," Tung noted, highlighting the substantial inflows that occurred in a single week. The week marked the strongest for crypto investment products since back in July.

When Melker brought up the possibility that U.S. elections, particularly Trump's increasing chances in predictive markets, might be driving some of this interest, Tung was uncertain. "I don’t know which candidate actually will do better for the market," Tung stated, though he mentioned a fascinating statistic from prior election cycles where bitcoin saw significant gains leading up to the election.

Wrapping up the discussion, Melker agreed that everyone is hoping for a favorable market outcome. "If bitcoin's flying like that, I would imagine other markets will generally be up as well," Melker concluded, as both hosts anticipated how the crypto market will evolve in the months ahead.

The momentum from last week seemed to continue Monday, with bitcoin ETFs attracting nearly another $300 million, according to Farside investors.