US spot Bitcoin ETFs purchased significantly more BTC than was produced by miners in December, accumulating 51,500 Bitcoins collectively. This influx of capital into BTC ETFs helped push the price above $100,000 to a new all-time high. Additionally, BTC exchange balances have hit historic lows, creating a potential supply bottleneck. US Spot Bitcoin ETFs continue to see net inflows, with over $900 million entering the funds' reserves for the second consecutive weekday. BlackRock's IBIT and Fidelity's FBTC were top performers in terms of inflows. The increased inflows coincide with BTC reclaiming a position above $100,000.



Other News from Today