Bitcoin Hits $150,000 as Spot ETF Inflows Reach $2 Billion in a Single Day
๐ Quick Summary
Bitcoin surged past $150,000 for the first time, driven by record-breaking institutional inflows of $2 billion in a single day through spot Bitcoin ETFs launched in January 2024, marking a new era of mainstream crypto adoption.
Bitcoin shattered the $150,000 barrier on Monday, reaching an all-time high of $151,243 as institutional demand through spot Bitcoin ETFs continued to overwhelm available supply. BlackRock's iShares Bitcoin Trust (IBIT) alone recorded $1.1 billion in net inflows, while Fidelity's FBTC added $487 million โ combining for over $2 billion in a single trading session.