Bitcoin Reaches New All-Time High Amid ETF Inflows
- Bitcoin treasury companies accumulated $1.2 billion in BTC last week, purchasing over 6,702 coins.
- Spot Bitcoin ETFs recorded a net inflow of $3.24 billion, nearing their record week from November.
- Bitcoin hit a new all-time high of over $125,000 on Saturday.
- Institutions acquired more Bitcoin than miners could supply, with miners generating approximately 900 BTC daily.
- ETFs now hold over $188 billion worth of Bitcoin, representing about 7.2% of the total supply.
The significant inflows into Bitcoin ETFs are credited with driving up the price of Bitcoin as institutional demand continues to grow amid macroeconomic uncertainties.
With treasury companies buying substantial amounts and ETFs attracting billions in investments, Bitcoin’s recent surge reflects strong market interest and limited supply dynamics.(Source)
