The US Bitcoin ETF has recorded an inflow for the second consecutive day, leading to a wave of optimism among investors. This development coincides with a major rally in Bitcoin's price, which has now surpassed the $100,000 mark. These significant influxes are a strong indication that institutional interest in Bitcoin is on the rise.
The sustained increase in Bitcoin's price can be attributed to this growing interest from large-scale investors through the ETF. As a result, there is a possibility that this trend could continue, further driving the price of the cryptocurrency upward.
The post about this development appeared on CoinGape.