Reported about 7 hours ago
Following a substantial increase in Bitcoin's value, cryptocurrency investors have funneled over $3 billion into exchange-traded funds (ETFs) focused on Bitcoin and Ether. This surge includes nearly $1.5 billion into the iShares Bitcoin Trust ETF, marking the largest inflow this year. The rise comes amid a broader increase in risk assets, and analysts are speculating if Bitcoin might become a safe haven asset similar to gold, especially as it has remained stable compared to the declining S&P 500.
Source: YAHOO