Bitcoin Soars Past $67,000 Amid Renewed ETF Inflows

General

Bitcoin
(BTC)
surged
above
$67,000
early
Friday,
reversing
Thursday’s
dip
below
$65,000.
This
uptick
coincides
with
a
resurgence
in
inflows
into
spot
bitcoin
ETFs,
marking
four
consecutive
days
of
positive
additions.
The
week
has
also
been
notable
for
the
disclosure
of
significant
BTC
ETF
holdings
by
major
institutional
players.
Morgan
Stanley,
for
example,
revealed
a

substantial
$269.9
million
investment
in
Grayscale’s
GBTC
yesterday.

Ether’s
Potential
for
Upside
Surprises

While
Ethereum
(ETH)
has
underperformed
compared
to
other
major
digital
assets
this
year,
it
shows
potential
for
significant
upside.
The
second-largest
cryptocurrency,
has
experienced
mixed
performance
recently
but
may
be
on
the
verge
of
a

significant
price
surge,
according
to
several
prominent
analysts.
Although
it
has
trailed
behind
Bitcoin’s
gains
this
year,
bullish
forecasts
suggest
that
ETH
could
potentially
rally
into
the
five-figure
range.The
importance
of
potential
U.S.
spot
ETH
ETF
approvals,
could
also
have
a
significant
market
impact.

Fantom’s
FTM
Rides
High
on
Sonic
Upgrade

Fantom
blockchain’s
FTM
has
been
one
of
the
best-performing
non-meme
tokens
over
the
past
week,
climbing
13%
in
the
past
seven
days
to
approximately
81
cents.
This
boost
was
buoyed
by
the
market’s
positive
reception
of
its
Sonic
upgrade
and
increases
in
total
value
locked
(TVL)
on
the
protocol.
The
Fantom
Foundation
has
been
actively
promoting
Sonic,
its
latest
upgrade,
which
is
set
to
enhance
transaction
speeds
to
2,000
transactions
per
second
with
a
1.1-second
finality,
a
significant
improvement
from
the
just
over
2.5
TPS
recorded
over
the
past
month,
on-chain
data
shows.