Bitcoin Surges to New All-Time High, Boosted by Spot ETF Launches and Macroeconomic Tailwinds

• Bitcoin's latest all-time high was accelerated by the launch of spot bitcoin ETFs, providing an important tailwind

• Experts believe bitcoin would have reached a new peak regardless, just at a later date without the ETFs

• ETF inflows have added nearly 163,000 bitcoins, while Grayscale has lost over 200,000 bitcoins

• The ETF launch combined with political factors like potential interest rate cuts are driving the recent crypto rally

• Retail, advisors, and institutions unable to directly access exchanges make up new ETF demand, significantly boosting bitcoin