Bitcoin Surges on $2.39 Billion ETF Inflows as Quant and Ethena Lead Crypto Gains

A recent surge in U.S. spot Bitcoin ETFs has drawn $2.39 billion this week, contributing to a rise in Bitcoin's price of around 3.8% over seven days.

However, Quant ($QNT), Ethena ($ENA), and Bitway ($BTW) have led the pack among the top 100 largest crypto assets by weekly price gain, with gains of 61.8%, 54.1%, and 48.0% respectively.

The Clearing House has selected Quant to power its On-Chain Money Initiative in the United States, which will provide technology to connect banks and coordinate the clearing and settlement of tokenized-deposit transactions.