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BlackRock and Fidelity Fuel Bitcoin ETF Inflows, Drive Price Near $80K

Guavy AI Editorial Team
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BTC
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Bitcoin ETF inflows have reached $2.26 billion over six consecutive sessions, with a significant portion of that coming from two major institutional players, BlackRock and Fidelity.

The recent rally in Bitcoin's price has been fueled by this strong demand, with BTC rising 24.5% over the past week to reach near $80,000.

The influx of funds into U.S. spot Bitcoin exchange-traded funds (ETFs) is a clear indication of growing institutional interest in the cryptocurrency market.

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