Bitcoin's record-breaking gain and consistent ETF inflows are indicating growing institutional confidence in the cryptocurrency sector. Statistics show that Bitcoin spot ETFs had a net inflow of $637 million on Dec. 16, marking 13 consecutive days of positive inflows. BlackRock's IBIT had the largest one-day inflow of $418 million, followed by Fidelity's FBTC with $116 million. Grayscale's GBTC also saw a net inflow of $17.65 million. The price of Bitcoin reached a new all-time high of nearly $107,000 on Dec. 16, with factors such as President-elect Donald Trump's pro-crypto views contributing to the milestone. The total net asset value of Bitcoin spot ETFs is currently $120.7 billion, representing 5.76% of Bitcoin's market capitalization. Some forecasts suggest that Bitcoin's value could rise to $250,000 due to consistent ETF inflows and favorable legislative changes.



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