Institutional players in the cryptocurrency market, including leading asset manager BlackRock, are showing increased interest in Bitcoin as its price surges towards $103,000. BlackRock's ETF product has seen a significant inflow of over half a billion dollars, making it the largest in the market. This renewed attention in BlackRock's Bitcoin ETF suggests a resurgence of interest by institutional players who may be increasing their positions ahead of the inauguration of a new US administration. Many stakeholders anticipate favorable shifts in regulations under the new administration, which could further drive up prices. Other asset managers, such as Ark 21Shares, also recorded significant inflows, while Grayscale suffered a minor outflow. The Bitcoin ETF market has now seen consecutive inflows, potentially closing the week with three straight days of inflows.



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