Posted 2/12/2024, 9:19:00 PM
Bitcoin Surges Past $50K as New ETFs Attract Billions While Awaiting 2023 Halving Event
- Bitcoin price cleared $50,000 for the first time in over 2 years, rallying crypto prices
- Bitcoin ETFs from BlackRock, Fidelity, ARK see strong inflows totaling billions
- Grayscale Bitcoin Trust sees $6B+ outflows but offset by new ETF inflows
- Upcoming bitcoin halving event in April, institutional inflows expected to drive 2023 trends
- Mainstream adoption still needs to occur; financial advisors only now getting access to new ETFs