Bitcoin Price Jumps Above $49K on Strong ETF Inflows, But GBTC Risks Remain
• Bitcoin price topped $49,000 on Monday after strong spot bitcoin ETF inflows late last week • Bitcoin ETFs gained $1.1 billion in fresh funds amid slowing GBTC outflows • Price spike came early in US trading session; bitcoin was up 2% over past 24 hours • Inflows supported by institutional accumulation and expectations of economic stimulus • Potential GBTC liquidation of $1.6 billion holdings could weigh on prices in coming months