The US Spot Bitcoin ETF has experienced an influx of over $2 billion this week, drawing significant attention from investors. This increase signifies growing interest from Wall Street players, which appears to have driven an uptick in the broader market sentiment.
Alongside the substantial influx, Bitcoin's price surged to nearly $69,000, showcasing a positive ripple effect across the market. This development has triggered speculation among analysts who opine that Bitcoin's price could eventually climb as high as $130,000, should the trend continue.
The interest in the Spot Bitcoin ETF amidst rising digital currency adoption reflects a broader acceptance and integration of cryptocurrencies in traditional financial markets.
