Bitcoin's recent surge to consecutive all-time highs has caught the attention of Wall Street, leading to billions of dollars flowing into crypto exchange-traded funds (ETFs) since November and the US elections. In the first 25 minutes of US market trading, $1 billion of BlackRock's IBIT fund was traded by Bitcoin investors, continuing the trend of retail and institutional capital deployment. Inflows to US spot BTC ETFs reached over $1 billion for the second time this month, bringing Wall Street's spot BTC ETF group assets to $90 billion. Bitcoin's rapid rise, reaching an all-time high of $89,864, has driven the enthusiasm in the entire crypto market, with the total crypto market cap surpassing $3 trillion. While Bitcoin accounted for the majority of capital inflows into cryptocurrencies, altcoins like Ethereum, Solana, and Dogecoin also saw significant gains. Experts believe that the demand for altcoins is still in its early stages, and they expect younger investors, supportive legislation, and industry growth to fuel further growth in the crypto market.



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