Bitcoin Hits New Record, Driven by Institutional Flows in US ETFs

The cryptocurrency market is buzzing with excitement as Bitcoin sets a new record high, surpassing $108,000. This surge coincides with record inflows into US-based spot Bitcoin exchange-traded funds (ETFs), totaling $609 million on Wednesday, marking the sixth consecutive day of positive flow. Experts attribute this bullish trend to institutional investors embracing ETFs and public companies investing in Bitcoin.