Odaily News A U.S. spot Bitcoin ETF is expected to buy its 1 millionth Bitcoin as soon as this week as traders prepare for possible positive crypto factors in November. These positive factors include the U.S. election, possible interest rate cuts by the Federal Reserve, and the lifting of the ban on Bitcoin mining in Russia - all of which occurred in November. According to Apollo and SoSoValue data, U.S. spot Bitcoin ETF issuers currently hold 976,893 Bitcoins, worth more than $66.2 billion, accounting for almost 5% of Bitcoin's $1.34 trillion market value. Spot Bitcoin ETFs need to receive $1.55 billion in net inflows (i.e., purchase an additional 23,107 Bitcoins) to reach this milestone. To achieve this goal this week, it would need to absorb an average of $301 million in net inflows per day. In addition, however, Henrik Andersson, chief investment officer of Apollo Capital, believes that the "biggest determining factor" in whether the crypto market rises is Trump's victory: "If he does win, we think the momentum of risk assets could drive Bitcoin to $100,000 by the end of the year." (Cointelegraph)