Bitcoin Surges Past $113K: Institutional ETFs Fuel Rise

Bitcoin’s price surged past the $113,000 mark, driven by significant institutional inflows into spot Bitcoin ETFs from players like BlackRock and Fidelity. This surge marks a substantial shift in capital allocation as investors move away from traditional assets such as gold. The rise in Bitcoin’s value is linked to increased demand from institutions, which has fueled broader market rallies alongside the growing presence of institutional investors.