Bitcoin Tops $47K as Spot Bitcoin ETFs Book One of Their Best Days

The biggest and most established global hub for everything crypto, blockchain and Web3.Spot bitcoin ETFs saw over $400 million in inflows Thursday, their best day since Jan. 17, BitMex Research data shows.climbed past $47,000 Friday as U.S.-based spot bitcoin exchange-traded funds booked one of their largest net inflows Thursday since their debut.

The largest crypto by market capitalization ran to as high as $47,699, the highest since the bitcoin ETF launch day, before it buckled to $46,700 in a swift sell-off. Soon after, prices quickly rebounded slightly over $47,000. At press time, BTC was up 4.5% over the past 24 hours, outperforming the CoinDesk 20 Index (The price surge happened as spot ETFs increased their net bitcoin holdings by 9,260 BTC, according to CoinDesk calculation based on the issuers' website.

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