**Bitcoin ETFs See Record Inflows, Boosting BTC Price to New Highs**

On October 14, Bitcoin exchange-traded funds (ETFs) in the U.S. experienced their largest single-day inflows in over 120 days, with more than half a billion dollars invested. This surge pushed Bitcoin's price to over $67,800, its highest in more than three months.

Nate Geraci, president of ETF Store, called it a landmark day, noting that net inflows for spot BTC ETFs are nearing $20 billion over the past 10 months. Leading the charge was the Fidelity Wise Origin Bitcoin Fund with $239.3 million, followed by Bitwise Bitcoin ETF and BlackRock’s iShares Bitcoin Trust.

Experts attribute this surge to factors like the upcoming U.S. election, easing recession fears, and increasing institutional interest. Nearly half of traditional hedge funds now have digital asset exposure, up from 29% in 2023.

Institutional investors are playing a significant role, with Bitcoin ETFs nearing $20 billion in inflows, a milestone gold took over four years to reach. This institutional adoption is crucial for Bitcoin's growth, potentially positioning it as a prominent asset class.