Unstoppable Bitcoin: new ATH reaching $98,310
With the Bitcoin (CRYPTO:BTC) hitting a new all-time high of $98,310 during European trading hours on Thursday morning, the total net asset value of US Bitcoin spot ETFs surpassed $100 billion, a milestone achieved in just 10 months since their launch in January.
Over the past three days, spot Bitcoin ETFs have seen net inflows of $1.84 billion, reflecting strong investor confidence.
US-based ETFs have contributed $29.4 billion in net flows this year, cementing their role as the primary driver of capital in Bitcoin.
Nate Geracipresident of The ETF Store, has underlined on X the growing demand for spot ETFs and revealed that requests for funds linked to other digital assets are also in the pipeline, including Solana (CRYPTO:SOL), Ripple (CRYPTO:XRP) e Ivy (CRYPTO:HBAR).
Second QCP CapitalBitcoin reached $97,900 earlier in the week before rising to $98,310, supported by aggressive demand for long-dated call options and positive headlines about corporate adoption.
Companies like MicroStrategy Inc. (NASDAQ:MSTR) are fueling bullish sentiment as the company raised $2.6 billion to expand its Bitcoin holdings.
MicroStrategy’s market capitalization surpassed $100 billion and dominated U.S. trading volume Wednesday evening.
Additionally, smaller companies like Acurx Pharmaceuticals (NASDAQ:ACXP) are joining this trend and have reportedly allocated $1 million in Bitcoin for their corporate treasuries.
The unprecedented success of Bitcoin ETFs signals a growing mainstream acceptance of cryptocurrencies.
BlackRock (NASDAQ:BLK) e Fidelity They are among 12 issuers that helped reach the $100 billion milestone, and analysts point to these funds as a significant factor in Bitcoin’s recent rally.
Eric Balchunassenior ETF analyst at Bloomberg, noted that December 31 could be an optimal time to file for new cryptocurrency ETFs, including one tied to Dogecoin (CRYPTO:DOGE).
Meanwhile, aggressive option buying for March and June indicates long-term bullish sentiment among investors.
And as Bitcoin approaches the psychological milestone of $100,000, the market is expected to remain buoyant, supported by easing monetary policies and sustained institutional demand.
Read on
For more updates on this topic, add Benzinga Italia to your favorites or follow us on our social channels: X e Facebook.
Receive exclusive insights into market movements 30 minutes before other traders
The 14-day free trial of Benzinga Pro, available in English only, gives you access to exclusive information so you can receive actionable trading signals before millions of other traders. CLICK HERE to start your free trial.
Continue reading on Benzinga Italia
Here are two People Also Ask (PAA) related questions for the provided article title:
## World Today News: Bitcoin’s Soaring Success – A Roundtable Discussion
**Welcome to Today’s Roundtable!**
Joining us today are **[Guest 1 Name], [Guest 1 Title/Expertise]** and **[Guest 2 Name], [Guest 2 Title/Expertise]**, two prominent voices in the world of cryptocurrency. We’ll be dissecting the recent surge in Bitcoin’s value, hitting a new all-time high of $98,310, and exploring the factors driving this upward trajectory.
**Section 1: The ETF Boom and Institutional Adoption**
* **Interviewer:** Mr./Ms. [Guest 1 Name], the article highlights the role of spot Bitcoin ETFs in driving this recent rally. Can you elaborate on how these financial instruments are attracting both individual and institutional investors?
* **Interviewer:** And Mr./Ms. [Guest 2 Name], we see major players like BlackRock and Fidelity involved. Do you think this institutional adoption signifies a broader shift in perception towards cryptocurrency?
* **Interviewer:** We’ve also seen MicroStrategy Inc. significantly expand its Bitcoin holdings. Do you see this as a trend among corporations? What are the potential benefits and risks for companies investing in Bitcoin?
**Section 2: Market Drivers and Future Outlook**
* **Interviewer:** Mr./Ms. [Guest 1 Name], the article mentions call options and corporate treasury allocations as contributing factors. Can you explain the significance of these trends and what they suggest about future market sentiment?
* **Interviewer:** Looking ahead, Mr./Ms. [Guest 2 Name], Bitcoin is approaching the psychological milestone of $100,000. What factors might influence its trajectory in the coming months? What are your thoughts on the potential for continued growth?
* **Interviewer:** The article also hints at the possibility of ETFs for other cryptocurrencies like Dogecoin. Do you see this as a potential catalyst for wider cryptocurrency adoption?
**Section 3: Long-Term Implications and Regulatory Landscape**
* **Interviewer:** Mr./Ms. [Guest 1 Name], what are the potential long-term implications of Bitcoin’s increasing mainstream acceptance? How might this reshape the financial landscape?
* **Interviewer:** Mr./Ms. [Guest 2 Name], what are your thoughts on the regulatory environment surrounding Bitcoin and other cryptocurrencies? What challenges and opportunities do you foresee on this front?
**Closing Remarks:**
**Interviewer:** Thank you both for sharing your insights. This has been a fascinating discussion about the ongoing evolution of the cryptocurrency market. We’ll continue to follow these developments closely and bring you the latest news and analysis on World Today News.
**(Remember to replace “[Guest 1 Name/Title/Expertise] and [Guest 2 Name/Title/Expertise]” with the actual names and credentials of your interview participants.)**
