Bitcoin surged to new all-time highs this week, trading as high as $93,000 as U.S. markets opened on Wednesday, with the Coinbase Premium Index signalling strong institutional demand. Riding the momentum from Donald Trump’s recent election victory and the Fed cutting rates by 25bps, BlackRock’s iShares Bitcoin ETF (IBIT) ranked as the fourth-most traded ETF, achieving an impressive $1.2 billion in volume within the first hour. For the first time since their launch in July, Ether ETFs saw positive cumulative flows, reaching US$94.62 million, driven by five consecutive days of net inflows.
