"Bitcoin has surged over 25% year-to-date, reaching record highs above $122,000, fueled by massive inflows from Wall Street, including $85 billion from new Bitcoin ETFs over the last year."
"The steady influx of traditional money has reduced Bitcoin's volatility-an asset that has on multiple occasions lost the majority of its value."
"The sums are staggering, with $35 billion in inflows from new Bitcoin ETFs offered by Wall Street funds in 2024 and $50 billion more inflows this year."
"BlackRock's iShares Bitcoin Trust alone holds $80 billion-it has only been in existence for 18 months, demonstrating the rapid growth and acceptance of Bitcoin within traditional finance."
Bitcoin has increased over 25% year-to-date, hitting record highs of $122,000, driven by substantial Wall Street inflows, including $85 billion from new Bitcoin ETFs. This influx of traditional capital has reduced Bitcoin's volatility, contrasting its past performance. Global equity markets have also risen, but Bitcoin's gains overshadow the S&P 500's 6.58% increase. Factors such as the regulatory support from the Trump Administration and large inflows from ETFs have played a vital role in Bitcoin's rise, with the iShares Bitcoin Trust reaching $80 billion in just 18 months.
Read at Fortune Crypto
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