Bitcoin ETFs Witness Massive Capital Inflows, Driving Record Highs

The recent surge in Bitcoin prices has been fueled by significant capital inflows into spot Bitcoin Exchange Traded Funds (ETFs), reaching record highs. US-based spot Bitcoin ETFs experienced a remarkable net inflow of $609 million on a single Wednesday, signaling a continued trend of positive investor sentiment. This influx coincided with Bitcoin achieving an all-time high of $111,861, demonstrating the influence of institutional investors in driving market volatility.