The ETF revival pushed Bitcoin to $50,000

Thanks to the record listing performance of Bitcoin ETFs in the United States, Bitcoin jumped to $50,000 for the first time in more than two years. Since the beginning of last year, the initial Crypto Assets have tripled in value, recovering from a 64% plunge in 2022. The optimism that the U.S. approved exchange-traded funds to hold Bitcoin directly last month is driving more people to accept Bitcoin, fueling Bitcoin’s latest rally. Greg Moritz, co-founder of AltTab Capital, a Crypto AssetsHedging fund, said the downturn over the past few weeks was largely due to outflows from Grayscale. Now that these outflows have slowed, we are seeing that, as expected, net inflows are picking up.