"Bitcoin Surges Past $48K After ETF Approvals and Halving Anticipation"
Bitcoin has surged past $47,000 for the first time since the approval of 11 spot ETFs by the US Securities Exchange Commission last month. The rally is being driven by increased investor interest following the ETF approvals, with Bitcoin approaching the $50,000 mark. Flows in spot Bitcoin ETFs have also seen significant movement, with the Grayscale Bitcoin Trust losing over $6 billion in flows while competitors like iBIT and Fidelity have gained substantial inflows.