Bitcoin ETFs Surge As King Crypto Hits $106,000

Benzinga12-16 21:55

Bitcoin‘s BTC/USD recent surge to an unprecedented $106,000 has led to a notable rise in Bitcoin-based ETFs. This upward movement has positively impacted several ETFs, although Bitcoin has since ...

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This upward movement has positively impacted several ETFs, although Bitcoin has since ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/12/42507864/bitcoin-etfs-surge-as-king-crypto-hits-106000\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BTCO","symbol_name":"Invesco Galaxy Bitcoin ETF","start_time":0,"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/12/42507864/bitcoin-etfs-surge-as-king-crypto-hits-106000","article_id":"2491691046","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/12/16/Tom-Lee-Reiterates-Bitcoins-250-000-Targ_0.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491691046","pubTimestamp":1734357321,"columns":[],"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Bitcoin‘s (CRYPTO: BTC) recent surge to an unprecedented $106,000 has led to a notable rise in Bitcoin-based ETFs. 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This upward movement has positively impacted several ETFs, although Bitcoin has since slightly decreased to $104,008.20.\nWhat Happened: Among the ETFs experiencing gains, Bitwise Bitcoin ETF BITB rose by 2.35%, while iShares Bitcoin Trust ETF IBIT increased by 2.37%. The Grayscale Bitcoin Trust GBTC also saw a 1.77% rise. Additionally, the Fidelity Wise Origin Bitcoin Fund FBTC grew by 2.36%, and the ARK 21Shares Bitcoin ETF ARKB rose by 2.40%. These increases reflect the broader impact of Bitcoin’s price surge on related financial products.\nSee Also: Bitcoin To $180,000, Ethereum Over $6,000, Solana To $500: VanEck’s 2025 Crypto Predictions\nWhy It Matters: The cryptocurrency’s remarkable ascent to $106,000 comes amid heightened investor optimism, driven by expectations of another interest rate cut. 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