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Bitcoin

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<p>Amidst<a href="https://www.cryptopolitan.com/bitcoin-bulls-gain-upper-hand-55000-in-sight/" rel="noopener noreferrer nofollow"> Bitcoin</a>‘s soaring value surpassing the $50,000 milestone, a substantial portion of new investments into the cryptocurrency is attributed to the emergence of Exchange-Traded Funds (ETFs).&nbsp;</p>
<p>According to a recent report by on-chain data analytics firm CryptoQuant, approximately 75% of fresh capital inflows into Bitcoin can be traced back to the ten newly approved spot Bitcoin ETFs in the United States.</p>
<h2 class="wp-block-heading" id="rapid-influx-of-investments-from-spot-bitcoin-etfs">Rapid influx of investments from Spot Bitcoin ETFs</h2>
<p>Over the past fortnight, the majority of new investments into Bitcoin, excluding Grayscale’s Bitcoin Trust (GBTC) ETF, have originated from spot Bitcoin ETFs. This <a href="https://cryptoquant.com/asset/btc/summary" rel="noopener noreferrer nofollow" target="_blank">surge </a>in investment, totaling over three-quarters of the influx, signifies a significant shift in market dynamics.&nbsp;</p>
<p>These ETFs have amassed approximately 4,115 Bitcoins, equivalent to a staggering $215 million, as reported by data from Farside Investors.</p>
<h2 class="wp-block-heading" id="blackrock-s-ishares-bitcoin-trust-etf-leads-inflows">BlackRock’s iShares Bitcoin Trust ETF leads inflows</h2>
<p>Among the spot Bitcoin ETFs, <a href="https://www.cryptopolitan.com/blackrocks-ishares-2-billion-in-holdings/" rel="noopener noreferrer nofollow">BlackRock’s</a> iShares Bitcoin Trust ETF has emerged as a frontrunner, attracting the lion’s share of inflows. With a total acquisition of 4,843 Bitcoins, valued at approximately $253 million at the time, this ETF has demonstrated substantial investor confidence in Bitcoin’s potential as a lucrative investment avenue.</p>
<h2 class="wp-block-heading" id="bitcoin-s-price-surges-as-etf-demand-skyrockets">Bitcoin’s price surges as ETF demand skyrockets</h2>
<p>The surge in Bitcoin’s price, reaching a notable high of $51,000 on February 14th, has largely been attributed to the escalating demand from ETFs. Julio Moreno, the head of research at CryptoQuant, emphasized that Bitcoin’s crossing of the $50,000 mark can be primarily attributed to the fresh demand stemming from these investment vehicles.</p>
<h2 class="wp-block-heading" id="anticipated-price-targets-and-market-dynamics">Anticipated price targets and market dynamics</h2>
<p>Despite facing significant resistance around the $52,000 mark, Bitcoin is expected to breach the $56,000 threshold in the near term, according to the CryptoQuant research report. Valuation indicators suggest a bullish outlook, with minimal risks of a substantial price correction.&nbsp;</p>
<p>However, market analysts caution that Bitcoin may encounter hurdles in surpassing the $52,000 mark, owing to a notable influx of sell orders on Bitfinex up to the $52,300 level.</p>

Bitcoin ETFs are dominating new investments amidst price surge

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