U.S. Bitcoin ETFs saw a surge in inflows, reaching $900 million, with Fidelity leading at $370.2 million. This renewed interest has fueled predictions of Bitcoin potentially hitting $200,000 by 2025, driven by institutional demand and significant withdrawals from exchanges. Analysts project Bitcoin could reach between $225,000 and $475,000 by the end of 2025, reflecting growing confidence in the cryptocurrency market.
Bitwise CEO Hunter Horsley announced that a California wealth management firm has invested 63 clients in their spot Bitcoin ETF, BITB, which now boasts $4.08 billion in assets under management. A recent survey revealed that 96% of U.S. advisors received client inquiries about crypto in 2024, marking a record high. The growing interest in Bitcoin-based products is seen as a significant opportunity for traditional finance investors.
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