Bitcoin Surges Above $80K on Record Spot ETF Inflows

Bitcoin's price has climbed above $80,000 as institutional demand and strong spot ETF inflows push the market higher.

The largest daily ETP inflow since November 2024 saw nearly $1 billion in net inflows on September 21, with BlackRock's IBIT leading the way at $381.4 million.

This follows a difficult period for crypto markets, and experts point to improving regulatory conditions as a factor in the recovery.

Stephen Coltman of 21Shares noted that the SEC's Innovation Exemption and ongoing legislative progress have increased interest in blockchain-based market-making and tokenized asset trading.