GBTC - Bitcoin Breaks $50000 Mark Fueled By ETF Inflows | Benzinga
Bitcoin (CRYPTO: BTC) experienced a notable surge on Monday, briefly touching the $50,300 mark, buoyed by a week of strong exchange-traded fund (ETF) inflows and signs of increased institutional investment.
The leading cryptocurrency, which had been trading around $48,000 earlier in the day, saw a sharp increase at the start of the U.S. trading session, as per TradingView data, before stabilizing near the $50,200 level.
This upward momentum is attributed to significant inflows into spot Bitcoin ETFs, which ...