Bitcoin Surges to $71K as Inflows into BTC ETFs Exceed $880M

On Tuesday, Bitcoin (BTC) soared past $71,000, driven by substantial inflows into spot bitcoin exchange-traded funds (ETFs) listed in the U.S., totaling over $880 million. This is the highest daily inflow since March and the second-highest since the launch of 11 bitcoin ETFs in January. Fidelity's FBTC led the inflow with $378 million, followed by BlackRock's IBIT with $270 million. The surge in ETF inflows coincides with a bullish market sentiment and the recent approval of an ether (ETH) spot ETF in the U.S. The total net inflow for bitcoin ETFs in the past four weeks has reached $3.3 billion, surpassing $15 billion year-to-date.