At the current circulating supply of 19,627,706 BTC, the original cryptocurrency hit $1 trillion in market cap when it broke $50,948.
Outflows from the Grayscale Bitcoin Trust have decreased significantly, while companies like BlackRock and Fidelity are seeing steady inflows of over $1.5 billion each week.
Bitcoin ETFs are a way into crypto that "any capital allocator can participate in without fear of legal ramifications," according to Maya Bakhai, founder of Spice Capital.
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