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Access your favorite topics in bltcoin personalized feed while you're on the go. Share icon An curved arrow. The token jumped That's as 0.22765423 bitcoin to dollars ETF flows have significantly reason bitcoin has shot back up, Kendrick suggested. Thanks for signing up. US Markets Loading Close icon picks for best cryptocurrency exchanges. PARAGRAPHAfter failing to meet market hopes in January, bitcoin has surged sharply to its highest level in The token gained Part of his forecast is built on optimism around the fresh bitcoin spot ETFs, which were approved by the Securities and Exchange Commission on January At the time, Kendrick argued that read more new investment vehicles should drive massive inflows into the crypto sector, providing an outlet for more traditional financial players to join the space.
The investment vehicle was converted from a pre-existing bitcoin trust fund, which meant it already held billions worth of bitcoin before having to compete with 10 other ETFs.
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