Bitcoin Surplus $BTC
Bitcoin (BTC) soared above $71,000 early Tuesday, reaching its highest level since early April, while Ether jumped more than 19% to $3,700. This surge followed Bloomberg analysts increasing the likelihood of a spot ETH exchange-traded fund (ETF) being approved in the U.S. to 75%.
According to the latest data from SoSoValue, as quoted by The Economic Times, Bitcoin ETFs saw total net inflows surpassing $241 million on May 20. Notably, BlackRockâs Bitcoin ETF, IBIT, drew in over $66 million in net inflows, while Fidelityâs Bitcoin ETF, FBTC, registered net inflows of $64 million.
