Bitcoin surged overnight, wiping out previous weakness as Wall Street opened. The excitement centered on the impact of the United States' spot Bitcoin exchange-traded funds (ETFs), which witnessed substantial net inflows of $683.7 billion on March 13.
This surge overshadowed outflows from the Grayscale Bitcoin Trust (GBTC), shifting supply dynamics in favor of bulls. Statistician Willy Woo and ARK Invest's Cathie Wood echoed optimism, emphasizing that institutional adoption through ETFs is just beginning.
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