Global #Bitcoin ETFs

In the past 24 hours, Bitcoin has continued its recent upward trend, reaching its highest price in over a month at just over $67,400. Ethereum has also joined the rally, breaking through the significant resistance level of $3,000 and surging above $3,100.

In a notable indication of increasing acceptance within mainstream finance, Morgan Stanley has disclosed a substantial investment of $269.9 million in Bitcoin through Grayscale’s GBTC trust, as noted in its first-quarter 13F filing.

Bitcoin (BTC) has witnessed a notable surge in trading volumes, particularly in its new institutional investment products. Approximately 1,000 companies in the United States have reportedly purchased Bitcoin exchange-traded funds (ETFs).

Bitcoin prices entered a bullish phase following a surge in inflows into spot Bitcoin ETFs and a 7% uptick in price over the last 24 hours.

In a recent submission to the Securities and Exchange Commission (SEC), the State of Wisconsin Investment Board (SWIB) disclosed its investments in spot Bitcoin ETFs managed by BlackRock and Grayscale.

International hedge fund Millennium Management has unveiled that it possessed nearly $2 billion worth of spot Bitcoin ETFs in the first quarter of this year.