NewsHK
Broader risk appetite turned constructive overnight, and Bitcoin ($BTC) followed it through $80,000.
The immediate fuel was renewed inflows into spot bitcoin exchange-traded funds, extending a rally that has been gathering pace across the crypto sector.
The ETF channel Spot bitcoin ETFs occupy a structurally different position from earlier crypto investment vehicles. They sit inside the same allocation infrastructure as conventional equity and fixed-income products.
When portfolio-level risk appetite improves, capital can flow into Bitcoin through the same mechanism that routes money into any other risk asset. The overnight advance fits that pattern.
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