Bitcoin Tops $73,000 to Hit New Record On Insatiable ETF Demand
Bitcoin hit a fresh all-time high for the fourth time in six days, bolstered by record-breaking inflows into US exchange-traded funds tied to the cryptocurrency.
The world’s largest cryptocurrency reached a high of $73,664 on Wednesday, before paring its rise slightly to trade at around $73,080 as of 8:29 a.m. in New York. Meanwhile, net daily inflows into US spot Bitcoin ETFs on Tuesday topped $1 billion for the first time, data compiled by Bloomberg show, with BlackRock’s IBIT setting its own record at $849 million in daily flows.
