Bitcoin ETFs Record USD 10B Inflows, Floki Makes News With Launch Of Debit Card While New Viral Token Gains Investor Attention

With the bull market in full swing, several major developments are shaping where crypto is going forward. For one, institutional investment in Bitcoin has reached new highs, a bullish signal for the entire market. At the same time, Floki revealed a major development, while a new viral token Cutoshi is gaining attention thanks to its presale.

Bitcoin Institutional Investment Surges

The changing regulatory environment in the US is boosting Bitcoin (BTC) to new highs. The biggest coin on the market reached its all-time high of $103,900 in December, as major institutions are buying it up.

Recently, Bitcoin spot exchange-traded funds (ETFs) have seen record inflows. Since the November 5 elections in the US, the figure reached a staggering $10 billion. The figures suggest that banks, investment funds and other institutions are significantly increasing their Bitcoin exposure.

The reasons for the change are many. Most notably, the incoming administration under Donald Trump has already signaled its pro-crypto policies. This shift in regulation means that banks, traditionally very concerned about regulatory risk, are more likely to invest.

At the same time, Bitcoin is increasingly seen as a counter-cyclical asset and a hedge against inflation. This means that Bitcoin plays a similar role in a diversified portfolio to gold. This is a significant factor, as even before the elections, ETF inflows in Bitcoin were on the rise. In October, net inflows reached $479 million in a single day.

The increase in institutional investment is key for Bitcoin's long-term growth, due to the huge capital reserves banks and financial institutions have.

Floki Debit Card Lets You Spend Crypto Like Cash

Floki Inu (Floki) recently came into the spotlight after unveiling major news for its users. The new Floki crypto debit card just launched, which allows traders to spend their crypto like cash.