Bitcoin BTC spot prices continued to rise in the early morning of the 13th, breaking through the $50,000 mark, surpassing the highest price when the spot ETF was approved. Bitcoin started to surge from around $48,800 in the late night of the 12th, with investors buying in large quantities, and within one hour it surged more than $1,000, breaking through the $50,000 mark. Previously, Bitcoin had reached $50,000 on December 25, 2021, Christmas Day.
According to Binance data, around 1 am Taiwan time, it broke through $50,000 and rose to $50,154 before the deadline.
Grayscale’s GBTC saw a net outflow of $51.81 million on the last trading day of the week, setting a new record low for daily net outflows. In addition to Grayscale, the other nine Bitcoin ETFs had a total net inflow of $592 million.
The Bitcoin spot ETF with the highest daily net inflow is IBIT from BlackRock, with a net inflow of $250 million, accounting for 42.2% of the total daily inflows. The second is FBTC from Fidelity, with a net inflow of approximately $188 million, accounting for 31.7% of the total inflows.
The slowdown in Grayscale’s selling pressure indirectly led to market optimism and the breakthrough of the $50,000 mark.
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