Bitcoin Price Crosses $46,000, Bolstered by ETF Investments

Bitcoin Price Soars Above $46,000 Driven by Strong ETF Inflows

Bitcoin (BTC) has reached its highest level in a month, surpassing $46,000. The surge in the cryptocurrency’s price can be attributed to steady inflows into various spot-based US funds and anticipation surrounding April’s halving event. Recent data shows that new spot Bitcoin ETFs have attracted significant interest, with 10 consecutive days of net inflows reaching $8 billion this week, a clear indication of strong investor demand. Notable performance from major funds such as BlackRock and Fidelity’s ETFs has also contributed to the rise in Bitcoin’s price.