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Bitcoin Institutional ETF Inflows May Spark Test Of Record Highs This Week, Analyst Says; Coinbase Surges On Upgrade
Bitcoin surged back above $69,000 Monday as institutional investors poured hundreds of millions of dollars into spot bitcoin ETFs last week. That could propel bitcoin toward its record highs as early as this week, one analyst said. Elsewhere, ethereum soared on reports that spot ethereum approvals could clear a major hurdle with the SEC as soon as this week. Meanwhile, COIN stock surged again Monday after Coinbase on Friday received an upgrade and major price target hike from BofA. More than 600 investment firms last week revealed significant spot bitcoin ETF holdings, CoinTelegraph reported Thursday. The list ... (full story)