Bitcoin Price: As BlackRock’s IBIT ETF Surpasses Grayscale’s GBTC, Will BTC Price Top $80,000?

Fresh inflows into Bitcoin ETFs have caught many by surprise as BlackRock’s IBIT becomes the largest crypto ETF. The move comes after massive daily net inflows of more than $103 million, as recorded by SoSoValue on Tuesday. Meanwhile, Bitcoin price remains sluggish, falling by a modest 0.9% in 24 hours to $67,740. This adds to a 3.5% slump in the last seven days, underscoring the change in the trend from bullish earlier in the week to bearish.