Bitcoin Eyes Longest Winning Run in a Year as ETFs Attracts Inflows
- Largest digital asset has a shot at a seven-day winning streak
- US Bitcoin ETFs wooed $2.8 billion since going live on Jan. 11
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Bitcoin approached $50,000 for the first time since December 2021, aided by the record-breaking debut of US exchange-traded funds for the token.
The digital asset rose as much as 3.8% to $49,969, surpassing the high for the year reached after the ETFs were approved in January. Bitcoin is also poised for a seventh straight daily gain that would mark the longest such streak since January 2023 if the advance holds, data compiled by Bloomberg show.