Bitcoin surpassed its historical record this Tuesday (5). The asset was quoted at US$69.2 thousand (, above the peak reached by the cryptocurrency in November 2021, when it reached around US$69 thousand.
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As a result, the movement was driven by greater investor appetite for products related to crypto activities traded on United States stock exchanges.
Investor interest in cryptocurrencies has increased since the SEC (United States Securities and Exchange Commission) approved 11 bitcoin ETFs (index funds) at the end of January.
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Furthermore, bitcoin’s meteoric rise, which has more than doubled since October last year, marks a stark contrast to 2022, when a series of bankruptcies and corporate scandals have dampened investors’ appetite for the market.
As of last week, net flows into the 10 largest spot funds (traded for immediate delivery) totaled approximately US$2.2 billion.
