Bitcoin Spot ETFs Garner Over $60 Billion in Inflows, Signaling Growing Institutional Interest

Bitcoin spot exchange-traded funds (ETFs) have witnessed a remarkable surge, surpassing $60 billion in inflows since their launch. This monumental influx is largely driven by major players such as BlackRock and Fidelity, leading the market with substantial assets under management. 6.6% of Bitcoin’s circulating supply is now held by these ETFs, signifying a notable shift in market liquidity and price dynamics. The impact of this investment trend is evident in Bitcoin’s recent surge to $125,000, fueled by institutional confidence and increased accessibility to the cryptocurrency.