Bitcoin approaches $55k as IBIT tops $1B in trades
Bitcoin surged as much as 6.8% Monday to hit $54,446 — a high not seen since November 2021 — as investment products continue to rake in the cash. Ether was also on the rise, surpassing $3,180 and extending its rally from earlier in the week. Equities were mixed toward the end of Mondays session. The S&P 500 lost around 0.2% while the Nasdaq Composite was flat, gaining a modest 0.03%. These price moves come as investors continue to fund bitcoin and ether investment vehicles. Digital asset investment products clocked $598 million in inflows last week, extending a four-week streak of positive inflows, according to data from CoinShares. Bitcoin (BTC) products were the winner, raking in $569.5 million. Ether (ETH) came in second, positing $16.8 million. Magbasa nang higit pa: 4 na malulutong na chart upang ipagdiwang ang isang maalamat na buwan ng mga bitcoin ETF Bitcoin investment products year-to-date inflows now total $5.6 billion, “although recent price rises have prompted minor inflows into short-bitcoin positions which totalled $3.9 million,” CoinShares head of research James Butterfill said. Monday also saw the iShares Bitcoin Trust, one of the newly-launched bitcoin spot ETFs that hit the market last month, top $1 billion in value traded. The product now






