Bitcoin ETF Trades $1.5B as BTC Price Surges Towards $100k

Bitcoin institutional investment vehicles, including Bitcoin exchange-traded funds (ETFs) and the Grayscale Bitcoin Trust (GBTC), are experiencing increased trading volume as anticipation grows over potential regulatory changes in the United States. The ProShares Bitcoin Strategy ETF (BITO) and GBTC saw significant trading volume, with BITO trading $1.7 billion and GBTC trading $800 million. The reduced discount of GBTC to the Bitcoin spot price suggests renewed interest in institutional investment options. The data indicates a resurgence in demand for Bitcoin investment vehicles, potentially signaling a growing audience for spot ETFs.