Posted 3/11/2024, 6:04:25 PM
Bitcoin Price Soars Past $72K on Wave of $2.7B Investor Inflows Driven by New Spot ETFs
- Bitcoin price hitting new highs partly due to record $2.7B flowing into crypto funds last week
- Vast majority focused on Bitcoin ($2.6B); driven by new Bitcoin spot ETFs launching since January
- Bitcoin spot ETFs hugely successful, attracting massive inflows like BlackRock's $2B+
- Investors also allocating to altcoins like Solana, which saw $24M inflows last week
- Bitcoin price up 10% past week and 52% past 30 days, now trading above $72K
