In the last 24 hours, Bitcoin has risen by 4.6% to $98,600. This rapid rise is being fueled by US-based Bitcoin exchange-traded funds (ETFs). Cryptocurrency investors are hoping that Bitcoin will surpass the $100,000 level by the end of the year.$BTC
Bitcoin ETFs in the US are making a big impact in the financial world, with assets under management exceeding $100 billion. BlackRock’s iShares Bitcoin Trust (IBIT) is the leader in this space, with $30 billion in investment inflows. According to analysts, Bitcoin ETFs compete with gold-like funds and Satoshi Nakamoto’s estimated Bitcoin holdings.
The rapid rise of ETFs shows that individual and institutional investors are increasingly interested in cryptocurrencies. In addition, these instruments provide a more organized structure to Bitcoin trading, increasing adoption rates. Investors see these ETFs as a safe haven during times of economic uncertainty.
Expectations of regulatory changes also play an important role in Bitcoin’s rise. Changes in the US Securities and Exchange Commission (SEC) are creating a positive atmosphere in the markets. It is expected that the SEC will change its stance on Bitcoin ETFs and this development will provide support to Bitcoin prices.
Apart from this, Bitcoin investments of large-scale companies such as MicroStrategy also attract attention. The fact that the company's market value reached $ 100 billion stands out as another important factor that increases institutional investors' confidence in cryptocurrencies.
Bitcoin’s prospects of breaking the $100,000 threshold are being further fueled by the rise in ETF popularity, institutional interest, and global economic uncertainty. These developments are elevating Bitcoin beyond being a mere digital asset and into a major player in the global financial system.
