Opinions, Ideas and Markets TalkBTCUSD continues its surge, breaking new all-time highs and nearing a valuation of $1.5 trillion, which is nearly three times the market cap of struggling electric vehicle maker Tesla, currently valued at $550 billion.
But the wave of positivity doesn't end there. The newly-launched spot Bitcoin ETFs have amassed a staggering $50 billion in assets. The largest among them, the iShares Bitcoin Trust managed by BlackRock, has attracted around 20% of these funds. Coinbase, for instance, has seen its shares skyrocket by over 700% since the beginning of last year, bouncing back from a 90% decline. Notably, Goldman Sachs and the KBW team have recently upgraded their ratings on the stock in acknowledgment of this growth.
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