The iShares Bitcoin Trust (IBIT) is likely to rally when the markets open this week after Bitcoin's price reached a record high. The IBIT ETF has attracted a substantial amount of institutional investor money, surpassing the popular iShares Gold ETF and could potentially overtake the SPDR Gold ETF. Other spot Bitcoin ETFs, such as Fidelity, Ark Invest, Bitwise, and VanEck, have also seen significant inflows. The increasing interest in Bitcoin ETFs is expected to continue as Bitcoin's price continues to rise. The surge in Bitcoin's price is attributed to positive sentiment around potential crypto-friendly policies under the Trump administration and a relatively dovish tone from the Federal Reserve. The fear of missing out (FOMO) is also driving retail and institutional investors back into Bitcoin. Analysts forecast that Bitcoin's price could reach $90,000 or even $100,000, which would further boost the performance of Bitcoin ETFs. The technical outlook for Bitcoin is extremely bullish, with the next potential target at $100,000.



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