"Bitcoin ETFs Propel Crypto Funds to Record $2.7 Billion Weekly Gain"
TL;DR Summary
Bitcoin's price surge is attributed to the influx of cash into investment products providing exposure to the asset, resulting in a record-breaking week for crypto funds with $2.7 billion flowing in, primarily focused on BTC. The majority of the cash is directed towards new spot BTC exchange-traded funds, following the SEC's approval in January. Investors are also showing interest in altcoins like Solana, with its funds receiving $24 million, while BTC's price has soared to new highs, currently trading at $72,362.
- Bitcoin ETF Surge Leads Crypto Funds to Record-Breaking $2.7 Billion in Weekly Gains Decrypt
- BlackRock's Bitcoin ETF Nears 200K BTC, Passing Michael Saylor's MicroStrategy Yahoo Finance
- How Bitcoin Made a Believer Out of BlackRock The Wall Street Journal
- Bitcoin ETFs leapfrog Grayscale's haul in 'scary fast' surge DLNews
- Bitcoin ETF snapshot: GBTC competitors surpass Grayscale fund in AUM Blockworks
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